SOLUTION: A bookshop is charged $15.40 for a particular book. the shop keeper wishes to price the book such that his profit would be 30% of his selling price. What should be his selling pric

Question 948512: A bookshop is charged $15.40 for a particular book. the shop keeper wishes to price the book such that his profit would be 30% of his selling price. What should be his selling price ?
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
If profit is 30% of selling price, cost is 70% so:
$15.40/0.70=$22 ANSWER: The selling price should be $22
CHECK:
Profit of 30% on $22=(0.30)($22)=$6.60
$22-$6.60=$15.40, the cost of the book.
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