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 113432: 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 LuckyLep(3) About Me  (Show Source):
You can put this solution on YOUR website!

If the sofa costs 806.25 you need to take off 25% of the price.
So take
806.25 - 25%= 201.56
806.25-201.56 = 604.69(the cost to the dealer)