A Bookstore Sells a Textbook for $40

question 109

Multiple Choice

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

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Definitions:

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