Question

At an appliance store, the price of a refrigerator is marked up 25% to $406.25.

What was the price of the refrigerator before the markup?

Enter your answer.

Answer 1

$325

Explanation:

Answer 2

$325

Explanation:

if the refrigerator has been marked UP by 25%, this means that $406.25 is 125% of the original price (the original price being 100%).

Therefore, divide 406.25 by 125 to find the cost per 1%, then multiply by 100 to find the original price.

(406.25 ÷ 125) x 100 = 325