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The selling price of a refrigerator is $487.20. If the mark up is 5% of the dealers cost what is the dealers cost of the refrigerator

Respuesta :

mhanifa

Answer:

  • $464

Step-by-step explanation:

Let the cos be x, then selling price is:

  • x + 5% =
  • x*1.05 =
  • 1.05x

We have the selling price $487.20

  • 1.05x = 487.20
  • x = 487.20/1.05
  • x = 464

Cost price is $464

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