Total selling price can be broken down as the sum of the cost C and 25% markup. Therefore:
845 = C + 0.25 C = 1.25 C. Subsequently, C = $676.
Gatrett H.
asked • 08/29/22The selling price of a refrigerator is $845. If the markup is 25% of the dealer’s cost, what is the dealers cost of the refrigerator?
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