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The selling price of a refrigerator, is $739.20. If the mark up is 20% of the dealers cost , what is the dealers cost of the refrigerator

Sagot :

MrRoyalidn

Mark up percentages are used to increase the prices of items

The dealers cost of the refrigerator is $591.36

How to determine the dealer cost

Represent the dealer cost of the refrigerator with x.

Given that the markup is 20% and the selling price of the refrigerator is $739.20, then we have the following equation

x = 739.20 * (1 - 20%)

Evaluate the product

x = 591.36

Hence, the dealers cost of the refrigerator is $591.36

Read more about mark ups at:

https://brainly.com/question/19104371

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