Question

Mrs. Delgado managed a bookstore. The bookstore buys a book for 20$. She marked up the price by 25% to sell it in her store. What was the price of the book in her store

Answer 1

Price of the book in her store is $ 25

Solution:

Given that, The bookstore buys a book for 20$

She marked up the price by 25% to sell it in her store

To find: Price of book in her store

From given,

Cost price = $ 20

Markup rate = 25 %

Which means, 25 % of $ 20 is markup price

$Markup\ Price = 25 \% \text{ of } 20\\\\Markup\ Price = \frac{25}{100} \times 20\\\\Markup\ Price = 0.25 \times 20\\\\Markup\ Price = 5$

Thus markup price is $ 5

Price of the book in her store = cost price + markup price

Price of the book in her store = 20 + 5 = 25

Thus Price of the book in her store is $ 25