The formula to calculate the Book Price (BP) is:
\[ BP = \frac{CPP \times P}{1 - \frac{RM}{100}} \]
Where:
The Book Price is the selling price of a book calculated based on the cost per page, the total number of pages, and the required profit margin. It ensures that the selling price covers the cost of production and includes a specified margin to ensure profitability.
Let's assume the following values:
Using the formula to calculate the Book Price (BP):
\[ BP = \frac{CPP \times P}{1 - \frac{RM}{100}} = \frac{0.05 \times 200}{1 - \frac{20}{100}} = \frac{10}{0.8} = 12.50 \text{ dollars} \]
The Book Price (BP) is \$12.50.