Question

A bookstore buys Algebra 1 books at a wholesale price of $23 each. It marks up the price by 92% and then sells the Algebra 1 books. What is the amount of the markup? What is the selling price?

Answer 1

0.92*23 = selling price

Answer 2

How do you find the markup?

Answer 3

@Photon336 wrote:
0.92*23 = selling price

That is not correct because then the selling price is less than the cost to the bookstore.
The store cannot sell for 92% of what it costs the store to buy the book since 92% of the cost is less than the cost of the book to the bookstore

This is how you do it.
Markup is the amount a store sells something above what it cost the store.
Markup is what the store adds to its buying cost.

92% of $23 = amount of markup
92% of $23 + $23 = selling price

Answer 4

Thank you!!

Answer 5

You're welcome.