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?

230.77

To determine the most Bill Spread can pay the manufacturer for the comforter, we need to consider the selling price and the desired markup.

Let's start by calculating the selling price. We know that customers will pay no more than $300 for the comforter. Since Bill wants a 30% markup on the selling price, we need to find the cost price for the comforter.

Let's denote the cost price as "C." The selling price (S) can be calculated using the formula:

S = C + Markup

We know that the markup is 30% of the selling price, so we can rewrite the formula as:

S = C + 0.3S

Let's simplify the equation by bringing the 0.3S term to the left side:

S - 0.3S = C

0.7S = C

Now, we substitute the given maximum price of $300 for S and solve for C:

0.7 * $300 = C

C = $210

So, Bill's cost price for the comforter should be $210 or less in order to meet the desired markup and sell it within the customer's price range.

x + .3x = 300

1.3x = 300

x = 300/1.3

x = ?

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: