Question

At an appliance store, the price of a refrigerator is marked up 25% to $406.25.

What was the price of the refrigerator before the markup?

Enter your answer in the box.

$

Answer 1

To find the price of the refrigerator before the markup, we can let \( x \) be the original price. The refrigerator is marked up by 25%, so the price after the markup is given by:

\[
x + 0.25x = 1.25x
\]

This is equal to the marked price of $406.25. Therefore, we can set up the equation:

\[
1.25x = 406.25
\]

Now, we can solve for \( x \) by dividing both sides by 1.25:

\[
x = \frac{406.25}{1.25}
\]

Calculating the right side:

\[
x = 325
\]

Thus, the original price of the refrigerator before the markup is:

\[
\boxed{325}
\]