The Book Nook makes four times as much revenue on paperback books as on hardcover books. If last month’s sales totaled $124,300, how much of that money was made on paperbacks?
money on hardcover books --- x
money on paperbacks ------- 4x
solve for x
x + 4x = 124300
99440
To determine the amount of money made on paperbacks, we need to set up an equation using the given information.
Let's assume the revenue from hardcover books is represented by x. Since the Book Nook makes four times as much revenue on paperbacks, the revenue from paperbacks can be represented as 4x.
Considering both the revenue from hardcover and paperback books, the equation becomes:
x + 4x = $124,300
Combining like terms:
5x = $124,300
To find the value of x (the revenue from hardcover books), we can divide both sides of the equation by 5:
x = $124,300 / 5 = $24,860
Now, to find the revenue from paperbacks, we'll multiply the value of x by 4:
Revenue from paperbacks = 4 * $24,860 = $99,440
Therefore, the Book Nook made $99,440 on paperbacks.