Question

the selling price for a refrigerator is 584 if the mark up is 25% of the dealers cost, what is the dealers cost of the refrigerator?

Answer 1

25% of 584 is 146. If you meant to say "25% off of the dealer's cost", the answer would be $438, since you're finding what 25% of the original price is (146) and subtracting it from the original price. The equation would be 584 - 146 = 438. I hope this helped <3

Answer 2

$438

Explanation:

The selling price for a refrigerator = $584

The mark up is 25% of the dealers cost.

Dealer's price for a refrigerator = 584 - (25% of 584)

584 - (
`(25)/(100)` × 584)

584 - (0.25 × 584)

= 584 - 146

= $438

The dealers cost would be $438.