The selling price of a refrigerator, is $739.20. If the mark up is 20% of the dealers cost , what is the dealers cost of the ref

Question

2 years ago

14

rigerator

1 answer:

Lisa [10] · Answer 1 · 2022-12-21T03:36:42+03:00

Mark up percentages are used to increase the prices of items

The dealers cost of the refrigerator is $591.36

<h3>How to determine the dealer cost</h3>

Represent the dealer cost of the refrigerator with x.

Given that the markup is 20% and the selling price of the refrigerator is $739.20, then we have the following equation

x = 739.20 * (1 - 20%)

Evaluate the product

x = 591.36

Hence, the dealers cost of the refrigerator is $591.36