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25 May, 13:02

The selling price of a refrigerator, is $512.50. If the markup is 25 % of the dealer's cost, what is the dealer's cost of the refrigerator?

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  1. 25 May, 13:13
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    512.50/125%=410

    100% is the dealers cost

    25% is the markup

    $410 is the dealer's price before markup

    410*25%=102.5. 410+102.5=512.5
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