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Mashcka [7]
3 years ago
8

1.3.19

Mathematics
1 answer:
RSB [31]3 years ago
8 0

Answer: $542

Step-by-step explanation:

Given the following :

Selling price of refrigerator = $677.50

Markup = 25% of dealers' cost

Dealers' cost of refrigerator =?

Selling price = Dealers' cost + markup

Markup = 25% of dealers' cost

Let dealers' cost = d

Hence,

Selling price = d + 25% of d

Selling price = d + 0.25d

Selling price of refrigerator = $677.50

Then,

$677.50 = d + 0.25d

$677.50 = 1.25d

d = $677.50 / 1.25

d = $542

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