Exercises 39-40 involve markup, the amount added to the dealer's cost of an item to arrive at the selling price of that item. 39. The selling price of a refrigerator is $584. If the markup is 25% of the dealer's cost, what is the dealer's cost of the refrigerator? 40. The selling price of a scientific calculator is $15. If the markup is 25% of the dealer's cost, what is the dealer's cost of the calculator?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Exercises 39-40 involve markup, the amount added to the dealer's
cost of an item to arrive at the selling price of that item.
39. The selling price of a refrigerator is $584. If the markup
is 25% of the dealer's cost, what is the dealer's cost of the
refrigerator?
40. The selling price of a scientific calculator is $15. If the
markup is 25% of the dealer's cost, what is the dealer's cost
of the calculator?
Transcribed Image Text:Exercises 39-40 involve markup, the amount added to the dealer's cost of an item to arrive at the selling price of that item. 39. The selling price of a refrigerator is $584. If the markup is 25% of the dealer's cost, what is the dealer's cost of the refrigerator? 40. The selling price of a scientific calculator is $15. If the markup is 25% of the dealer's cost, what is the dealer's cost of the calculator?
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