A bookseller sells his books at a 25% markup in price. If he sells a book for $12.5, how much did he pay for it? Choose the correct choice from the following choices.
A) $14.40  B) $14.00  C) $11.00  D) $9.60  E) $10.00
Let the cost price of book = x   Selling price of book = 12.5$   Markup % = 25   (125/100)x = 12.5   =&gt; x = 10   Answer $10.00
<result>E</result>
A bookseller sells his books at a 25% markup in price. If he sells a book for $12.5, how much did he pay for it?