Problema Solution
The selling price of the refrigerator is $ 868.00. If the markup is 20% of the dealer's cost, what is the dealer's cost, what is the dealer's cost of the refrigerator?
Answer provided by our tutors
Markup = Sale price − Cost
Sale price = $868.00
let (dealer) Cost = c
Markup = 20% of Cost that is 20% of c
(20/100)c = 868 - c
by solving we find
c = $723.33 is the dealers cost
click here to see the step by step solution of the equation