When a textbook is ordered for classroom use, college bookstores typically get a

Question

When a textbook is ordered for classroom use, college bookstores typically get a 20% discount from the publishers. However, according to the National Association of College Stores, when the same book is ordered by other stores, publishers give discounts of at least 30%. If the list price is $60.30, what would be the net price to (a) the college bookstore and (b) the other stores?

When a textbook is ordered for classroom use, college bookstores typically get a 20% discount from the publishers. However, according to the National Association of College Stores, when the same book is ordered by other stores, publishers give discounts of at least 30%. If the list price is $60.30, what would be the net price to (a) the college bookstore and (b) the other stores?

Explanation / Answer

List price = $ 60.30
As college bookstore gets 20% discount and other bookstore 30%
Therefore,
net price for college bookstore = 60.30 - ( 20x 60.30 ) / 100
   = $ 48.14

net price for other bookstores = 60.30 - ( 30x 60.30 ) / 100
   = $ 42.21

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