nelly100 nelly100

26-10-2017
Mathematics

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the selling price of a refrigerator, is $471.45. if the markup is 5% OF THE DEALER cost, what is the dealers cost of the refrigerator

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altavistard altavistard

26-10-2017

Let the dealer's (wholesale) cost be d. Then 1.05d = $471.45 is the selling price. Div. both sides by 1.05 to obtain the dealer's cost, d:

$471.45/1.05 = $449 (answer)

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