A bookstore marks up the price of a book by 25% of the cost from the publisher. Therefore, the
bookstore's price to the student, P (x) (in $) after a 5.3% sales tax, is given by P (x) = 1.053 (x+0.25x),
where x is the cost from the publisher. Evaluate P (60) and interpret the meaning in context of this
problem. (Round to the nearest cent.)
P (60) = 78.98
When the bookstore spends $60 on a textbook, the student pays $78.98
P (60) = 78.98
When the bookstore pays $78.98 on a textbook, the student pays $60
P (60) = 47.39
When the bookstore pays $47.39 on a textbook, the student pays $60
P (60) = $47.39
The sales tax on a $60 textbook is $47.39
P (60) = 78.98
The sales tax on a $60 textbook is $78.98
P (60) = 47.39
When the bookstore pays $60 on a textbook, the student pays $47.39
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Home » Mathematics » A bookstore marks up the price of a book by 25% of the cost from the publisher. Therefore, the bookstore's price to the student, P (x) (in $) after a 5.3% sales tax, is given by P (x) = 1.053 (x+0.25x), where x is the cost from the publisher.