SOLUTION: The selling price of a textbook is $122.50. If the markup is 25% of the bookstore's cost, what is the bookstore's cost of the textbook?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The selling price of a textbook is $122.50. If the markup is 25% of the bookstore's cost, what is the bookstore's cost of the textbook?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 632479: The selling price of a textbook is $122.50. If the markup is 25% of the bookstore's cost, what is the bookstore's cost of the textbook?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The selling price of a textbook is $122.50. If the markup is 25% of the bookstore's cost, what is the bookstore's cost of the textbook?
-------------------
Let the cost be "x":
Equation:
x + 0.25x = 122.50
---
1.25x = 122.5
---
x = cost = $98.00
======================
Cheers,
Stan H.