nigel's family is shopping for a new refrigerator. the selling price of the model they are considering is $1,875. nigel researches to find that the markup on that particular model refrigerator is 20%. what is the wholesale cost to the retailer to the nearest cent?

$1,562.50

Step-by-step explanation:

Markup= (selling price- cost)/cost

Let cost be represented by  C

0.20 = (1875-C)/ C

0.20C = 1875 - C

0.20C+ C = 1875

1.20C=1875

Divide both sides by 1.20;

C= 1875/1.20

C= $1,562.50

The wholesale cost was $1,562.50

true

step-by-step explanation:

x-150=475   x=625

step-by-step explanation:

if the bike after the sale ($150) is $475 then just simply add 150 to 475.