   Chapter 6.II, Problem 34RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Solve the following word problems for the portion, rate, or base.According to The Miami Herald, a large retail book chain recently launched a textbook rental program for college students. The company said books would rent for 42.5% of their original price. If a chemistry textbook rents for $48. what was the original price of the text? Round to the nearest cent. To determine To calculate: The original price of the chemistry textbook and round it to nearest cent, when The Miami Herald, a large book retailer recently started a textbook rental program for college students and said that the books would rent for 42.5% of their original price and a Chemistry book rents for$48.

Explanation

Given Information:

The Miami Herald, a large book retailer recently started a textbook rental program for college students and said that the books would rent for 42.5% of their original price and a Chemistry book rents for $48. Formula used: Steps for computing percentage problems; Step1: Recognize the two known values and the unknown value. Step2: Pick the formula that solves the unknown value. Step3: Solve the equation by putting the known values for the letters in the formula. The formula to compute the base is; B=PR Calculation: Value of rate is R=42.5% as rate is the term having % sign and the value of portion is P=$48 as it is the part of the whole and the unique characteristic of portion is that a “Chemistry book” rents for \$48

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