Problema Solution
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 a student at the marked-up price. If the student pays $115.00 for the textbooks what did the bookstore pay for it?
Answer provided by our tutors
Let 'x' represent the amount the book cost the bookstore, then 'x + 0.33x' represents the amount paid by the student:
x + 0.33x = 115
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click here to see the equation solved for x
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x = $86.47
The bookstore paid approximately $86.47.