Answered












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

Verified Answer :

olemakpadu

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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