Question

The selling price of a scientific calculator is $15. If the markup is 25% of the dealer’s cost, what is the dealer’s cost of the calculator?.

Answer 1

It would be $18.75 if thats a choice

Answer 2

The markup is an integrated cost of the price of a product that goes to the profit of the seller. In this case, a mark up of 25% is added to a calculator costing $15. The total cost then is $15*1.25 or equal to $18.75. In this case, a $3.75 is the profit.