A bookstore sells a textbook for $40.30. If the bookstore makes a profit of 30% on each sale, what does the bookstore pay the publisher for each book? ( Hint: The retail price = the wholesale price + the markup.)
A) $42
B) $28
C) $34
D) $31
E) $35

Question

Quizplus · Accepted Answer

The bookstore's selling price is $40.30, which includes a 30% profit. Let the wholesale price be x. Then, x + 0.3x = $40.30. Solving for x gives x = $31.00.

A Bookstore Sells a Textbook for $40