Question
A bookstore bought a case of 10 books at a wholesale price of $84. The bookstore will sell the books at a 25 percent markup, and each book will be sold for the same amount. How much will they sell each book in the case for?
$8.40
$10.50
$105.00
$105.80
$8.40
$10.50
$105.00
$105.80
Answers
GPT-4o mini
To find out how much the bookstore will sell each book for, we first need to determine the cost per book and then apply the 25 percent markup.
1. **Calculate the cost per book**:
The total cost for the case of 10 books is $84. To find the cost per book, we divide the total cost by the number of books:
\[
\text{Cost per book} = \frac{\text{Total cost}}{\text{Number of books}} = \frac{84}{10} = 8.40
\]
2. **Calculate the selling price with the markup**:
The bookstore plans to sell each book at a 25 percent markup on the cost price. We can calculate the selling price as follows:
\[
\text{Markup} = 25\% \, \text{of} \, 8.40 = 0.25 \times 8.40 = 2.10
\]
Now, add the markup to the cost price to get the selling price:
\[
\text{Selling price} = \text{Cost per book} + \text{Markup} = 8.40 + 2.10 = 10.50
\]
Therefore, the bookstore will sell each book in the case for **$10.50**.
1. **Calculate the cost per book**:
The total cost for the case of 10 books is $84. To find the cost per book, we divide the total cost by the number of books:
\[
\text{Cost per book} = \frac{\text{Total cost}}{\text{Number of books}} = \frac{84}{10} = 8.40
\]
2. **Calculate the selling price with the markup**:
The bookstore plans to sell each book at a 25 percent markup on the cost price. We can calculate the selling price as follows:
\[
\text{Markup} = 25\% \, \text{of} \, 8.40 = 0.25 \times 8.40 = 2.10
\]
Now, add the markup to the cost price to get the selling price:
\[
\text{Selling price} = \text{Cost per book} + \text{Markup} = 8.40 + 2.10 = 10.50
\]
Therefore, the bookstore will sell each book in the case for **$10.50**.