markup on selling price and cost

Price: $5 USD

Question description

Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter.  Misu wants a 30% markup on selling price.  What is the most that Misu can pay for a comforter?  How do I solve this?  also, Assume Misu Sheet wants a 30% markup on cost instead of on selling price.  What is Misu's cost?

Tutor Answer

(Top Tutor) Daniel C.
School: UCLA
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