Question

You paid 90$ for your textbook at the end of the semester the bookstore will buy back your book for 20% of the purchase price the book?
sells used for $65 how much money does the bookstore net on the resale?

Answer 1

Ok so lets see how much the bookstore buys the used book for
So it buys it back for 20% of the amount you bought it for. You bought it for 90 bucks so
90*.20=18.00 So the bookstore pays you 18 bucks to buy it back
So now they resell it for 65 bucks
so 65-18=$47
So the if the bookstore resells the boook for 65 bucks then they made a profit of $47
Not sure what net means exactly though

Answer 2

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