The selling price of a refrigerator, is $856.90. If the markup is 10% of the dealer's cost, what is the dealer's cost of the ref
rigerator?
1 answer:
The dealer paid 'C' for it. He decided to sell it for 10% more than C .
That would be (1.10 C) , and that's the $856.90 .
So the equation is . . . 1.10 C = $856.90
Divide each side by 1.10 : C = $856.90 / 1.10
<em>C = $779</em>
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