Question

Barnes and Nobles buys a book for $14.25. They markup the price of the book by 30%.

Answer 1

The cost of the book would be $18.53. You multiply $14.25 (price of the book) by .3 (the markup cost) & you get 4.275. You then add the markup price (4.275) to the beginning price (14.25) & you get 18.525. you then round up to $18.53.

Answer 2

18.525 or 4.275 Profit

Explanation:

Multiplying 14.25 by 1.3 for 30% results in 18.25. Profit can be calculated by subtracting the price they sell it for, 18.525 minus the 14.25 to purchase the original book is $4.275 profit.