Question

Bill Spread, owner of the Bedding Shop, knows that his customers will pay no more than $300 for a comforter. Assume Bill wants a 30% markup on selling price. What is the most he could pay the manufacturer. for thid comforter?

Answer 1

x + .3x = 300

1.3x = 300

x = 300/1.3

x = ?

Answer 2

Bill Cover, owner of Bedspread Shop, knows that his customers will only pay, at most, $300 for a comforter. Assuming Bill wants a 35% markup on selling price, the most he could pay the manufacturer for this comforter is:

Answer 3

230.77