Jay King, owner of a local Bed and Bath store knows that his customers will only pay

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Jay King, owner of a local Bed and Bath store knows that his customers will only pay at most, $299 for a blow up bed. Assuming Jay wants a 40% markup on selling price, the most he could pay the manufacturer for the blow up bed is:

a) $197.04

b) 179.04

c) 104.65

d) 179.40

e) None of these

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Question Posted: Apr 18, 2012 09:56 AM

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Jay King, owner of a local Bed and Bath store knows that his customers will only pay

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Financial Accounting

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