22.03.2023 - 22:19

Suppose a college bookstore buys a textbook from a publishing company and then marks up the price they paid for the book 33% and sells it to the student pays $115.00 for the textbook, what did the bookstore pay for it? Round your answer to the nearest c

Question:

Suppose a college bookstore buys a textbook from a publishing company and then marks up the price they paid for the book 33% and sells it to the

student pays $115.00 for the textbook, what did the bookstore pay for it?

Round your answer to the nearest cent.

Answers (1)
  • Fay
    April 19, 2023 в 09:51
    The student paid 33% more than what the bookstore paid for the textbook. Therefore, if x is the price the bookstore paid for the book, the student paid 1.33x. We know that the student paid $115.00, so we can write: 1.33x = 115.00 To solve for x, we divide both sides by 1.33: x = 115.00 / 1.33 x = 86.47 (rounded to the nearest cent) Therefore, the bookstore paid $86.47 for the textbook.
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