Question

The selling price of a​ refrigerator, is ​$512.50. If the markup is 25 % of the​ dealer's cost, what is the​ dealer's cost of the​ refrigerator?

Answer 1

512.50/125%=410

100% is the dealers cost

25% is the markup

$410 is the dealer's price before markup

410×25%=102.5. 410+102.5=512.5