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 335419: 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?
Found 2 solutions by rfer, checkley77:
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
584/1.25=$467.20

Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
1.25x=584
x=584/1.25
x=$467.20 is the dealer's cost.