SOLUTION: A college bookstore marks up the price that it pays the publisher for a book by 25%. If the selling price of a book is $94.00, how much did the bookstore pay for this book?
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Question 1195282: A college bookstore marks up the price that it pays the publisher for a book by 25%. If the selling price of a book is $94.00, how much did the bookstore pay for this book? Answer by ikleyn(52787) (Show Source):
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A college bookstore marks up the price that it pays the publisher for a book by 25%.
If the selling price of a book is $94.00, how much did the bookstore pay for this book?
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Let x be the price at which the bookstore bought the book (the buying price of the book).
Then the selling price is 1.25x, according to the condition.
So, we have this equation
1.25x = 94 dollars,
from which
x = = 75.20 dollars.
ANSWER. The buying price for this book was $75.20.
