Question

the selling price of a refrigerator is $521.25. if the markup is 25% of the dealers cost, what is the dealers cost of the refrigerator

Answer 1

25% markup = original + 25% = 125% of original = 1.25 x original

Selling price = 1.25 x dealer price
Answer = 521.25/1.25=$417

Answer 2

Answer: The required dealers cost of the refrigerator is $417.

Step-by-step explanation: Given that the selling price of a refrigerator is $521.25 and the markup is 25% of the dealers cost.

We are to find the dealers cost of the refrigerator.

Let x denotes the dealers cost of the refrigerator.

Then, according to the given information, we have

`x+25\%* x=521.25\\\\\Rightarrow x+(25)/(100)* x=521.25\\\\\\\Rightarrow x+(1)/(4)x=521.25\\\\\\\Rightarrow (5x)/(4)=521.25\\\\\\\Rightarrow x=(521.25*4)/(5)\\\\\\\Rightarrow x=(2085)/(5)\\\\\Rightarrow x=417.`

Thus, the required dealers cost of the refrigerator is $417.