Question

A college book store marks up the price that is pays the publisher for a book by 35%. If the selling price of a book is $56.00, how much did the bookstore pay for this book

Answer 1

$41.48

Explanation:

From the information given, you know that the price that the bookstore pays for a book is marked up 35% and that the selling price of a book is $56, so to be able to find the amount that the bookstore paid for a specific book, you can write the following equation:

x+0.35x=56, where x is the price the bookstore paid for the book.

Now you can solve for x:

1.35x=56

x=56/1.35

x=41.48

According to this, the bookstore paid $41.48 for this book.