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Evgen [1.6K]
3 years ago
13

At an appliance store, the price of a refrigerator is marked up 25% to $406. 25. What was the price of the refrigerator before t

he markup? Enter your answer in the box.
Business
1 answer:
Triss [41]3 years ago
5 0

The price of the refrigerator before markup will be $325. This can be calculated by reversing the markup in the price of the refrigerator.

<h3>What is Markup?</h3>

Markup basically refers to the difference between the selling price of a good and its cost. The markup is generally expressed as a percentage and is added to the cost of the good to ensure cost cover and earn profit.

For the given question, the before markup price can be calculated as:

Given:

\rm \:\:After\: markup\:price = \$406.25\\\\Markup\:percentage\:\: = 25\%

Makeup is the addition to the original price of a good. The after markup price can be taken as 100% + 25% = 125% of original price.

Then original price can be calculated as:

\rm x = \$406.25 \times \dfrac{100}{125}\\\\x = \$325

Therefore the before markup price is $325.

Learn more about markup here:

brainly.com/question/5189512

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Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.

<h3>What is rate pf productivity?</h3>

In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).

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To know more about the gross domestic product (GDP), here

brainly.com/question/1383956

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2 years ago
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Answer:

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