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?

Algebra ->  Equations -> 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?       Log On


   

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) About Me  (Show Source):
You can put this solution on YOUR website!
1•C + .25C = 584
C = 584/1.25
dealer’s cost = 584%2F1.25 = $467.20