Appliance dealer marks up refrigerators 20% If the cost of one model is $500 what should its selling price be?

Question

Appliance dealer marks up refrigerators 20% If the cost of one model is $500 what should its selling price be?

Answer 1

$600

Answer 2

20% = .20

The word OF means to multiply.

The dealers mark the price up .20 OF the original price of $500

.20 x 500 = 100

Now, add the markup onto the original cost.  

$500 + $100 = $600, the new cost of the refrigerator.  

Answer 3

We are not doing your homework for you, convert the percentage to a decimal, and multiply.