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10 February, 15:32

The selling price of a refrigerator, is

$820.00

If the markup is

25 %

of the dealer's cost, what is the dealer's cost of the refrigerator

+5
Answers (1)
  1. 10 February, 15:58
    0
    Selling Price = $820

    Mark up = 25% Cost Price

    Selling Price = Cost Price + 25% Cost Price.

    Let the cost price = x

    Selling Price = x + 25% of x

    820 = x + 0.25x

    820 = 1.25x

    820/1.25 = x

    656 = x

    Dealer's Cost of refrigeratior = $656
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