SOLUTION: The selling price of a refrigerator is $584. If the markup is 25% of the dealer’s cost, what is the dealer’s cost of the refrigerator?
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Question 939186: The selling price of a refrigerator is $584. If the markup is 25% of the dealer’s cost, what is the dealer’s cost of the refrigerator?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
1•C + .25C = 584
C = 584/1.25
dealer’s cost = = $467.20
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