Exercises 19–20 involve markup, the amount added to the dealer’s cost of an item to arrive at the selling price of that item.
The selling price of a refrigerator is $1198. If the markup is 25% of the dealer’s cost, what is the dealer’s cost of the refrigerator?
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Master Word Problem: Finding Consecutive Numbers That Satisfy a Given Requirement - Ex 3 with a bite sized video explanation from patrickJMT