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?

Question

$8.40
$10.50
$105.00
$105.80

Answer 1

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.