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At a local Bed and Bath Superstore, the manager, Jill Roe, knows her customers will pay no more than $230 for a bedspread. Jill wants a 40% markup on selling price. What is the most that Jill can pay for a bedspread?

Respuesta :

Answer:

$164.29

Explanation:

The formula to compute the markup percentage is shown below:

Markup percentage = (Sale price - purchase price) ÷ (purchase price)

where,

Markup percentage is 40%

Sale price is $230

So, the purchase price is

0.40 = ($230 - purchase price) ÷ (purchase price)

0.40 × purchase price = $230 - purchase price

So, the purchase price is

= $230 ÷ 1.40

= $164.29

           

HonoraryPhd

Answer:

$138

Explanation:

Jill wants to markup her selling price, we want to find the cost price, i.e. how much Jill can pay to achieve close to a markup of $230.

[tex]Cost \:Price = Selling\:Price - (Markup\:Percent * Selling\:Price)\\= $230 - 40percent * $230\\=$230 - 0.40 * $230\\= 138[/tex]

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