Question

At an appliance store the price of the refrigerator is marked up 25% to $406.25 what is the price of the refrigerator before the mark up

Answer 1

The price was $304.69

This is because you have to type the following equation into the calculator:

406.25 - 25% (101.5625)
——————————————
304.6875

Answer 2

406.25/1.25= 325

The fridge was $325 before the mark up