A bookseller sells his books at a 20% markup in price.
A bookseller sells his books at a 20% markup in price. If he sells a book for $24.00, how much did he pay for it?
Answer/Solution
$20.00
Steps/Work
Let the cost price of book = x
Selling price of book = 24$
Markup % = 20
(120/100)x = 24
=> x = 20
Answer E
Selling price of book = 24$
Markup % = 20
(120/100)x = 24
=> x = 20
Answer E