Question

A bookstore pays $12.75 for hardcover books and charges $29.95. What is the maximum percent of discount that it can offer while still making a profit of $5 on each book?

a.
40.7%
c.
44.2%
b.
54%
d.
59.6%


Please select the best answer from the choices provided

A
B
C
D

Answer 1

The answer is A.

Explanation:

I got it from my calculator.

Answer 2

9514 1404 393

Answer:

A. 40.7%

Explanation:

The selling price for a $5 profit will be ...

$12.75 +5.00 = $17.75

From $29.95, this represents a change of ...

(17.75 -29.95)/29.95 × 100%

= -12.20/29.95 × 100% ≈ -40.7346%

The bookstore can offer a maximum discount of about 40.7%.