A bookseller sells his books at a 10% markup in price. If he sells a book for $11.00, how much did he pay for it?	Choose the correct choice from the following answers:
A) $14.40	B) $14.00	C) $10.00	D) $9.60	E) $5.00
Let the cost price of book = x   Selling price of book = 11$   Markup % = 10   (110/100)x = 11   =&gt; x = 10   Answer $10.00
<result>C</result>
A bookseller sells his books at a 10% markup in price. If he sells a book for $11.00, how much did he pay for it?