A college bookstore marks up the price it pays the publisher for a book by 25%. If the selling price of a book is $82, how much did the bookstore pay for the book?

Name: A college bookstore marks up the price it pays the publisher for a book by 25%. If the selling price of a book is $82, how much did the bookstore pay for the book?
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Question

Quizplus · Accepted Answer

The bookstore's selling price is 125% of the price it paid. So, $82 is 125% of the cost price. To find the cost price, divide $82 by 1.25, which equals $65.60.

A College Bookstore Marks Up the Price It Pays the Publisher