SOLUTION: Nissan Appliances bought two dozen camcorders at a total cost of $3,816. The markup on the camcorders is 25% of the selling price. What was the original selling price of each camco

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Question 1091535: Nissan Appliances bought two dozen camcorders at a total cost of $3,816. The markup on the camcorders is 25% of the selling price. What was the original selling price of each camcorder?

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Each camcorder cost Nissan +3816%2F24+=+159+
Let +p+ = the price of 1 camcorder before 25% markup
+p+%2B+.25p+=+159+
+1.25p+=+159+
+p+=+127.2+
The price before the markup is $127.20