SOLUTION: The retail selling price of a sofa is $806.25. What is the cost to the dealer if she sells at 25% markup on the cost?

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Question 113420: The retail selling price of a sofa is $806.25. What is the cost to the dealer if she sells at 25% markup on the cost?
Answer by scott8148(5891) About Me  (Show Source):
You can put this solution on YOUR website!
let x=cost ___ x+.25x=806.25 ___ 1.25x=806.25 ___ x=645