Question 492028: The selling price of a calculator is $115. If the mark-up is 25% of the dealer's cost, what is the dealer's cost? Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! The selling price of a calculator is $115. If the mark-up is 25% of the dealer's cost, what is the dealer's cost?
Let d = dealer's cost
then
d + .25d = 115
d(1+.15) = 115
d(1.15) = 115
d = $100
