Acollege bookstore marks up the price that it pays the publisher for a book by 35 %. if the selling price of a book is $ 87.00 comma how much did the bookstore pay for this book?

the amount that the bookstore pay the publisher for the book is $64.4

Step-by-step explanation:

Let x represent the amount that the bookstore pay the publisher for the book.

The college bookstore marks up the price that it pays the publisher for a book by 35%. This means that the value of the mark up would be

35/100 × x = 0.35 × x = 0.35x

Therefore, the amount that the bookstore is selling the book would be

x + 0.35x = 1.35x

If the selling price of a book is $ 87.00, then it means that

1.35x = 87

x = 87/1.35 = 64.4

can you put the picture up?

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%