Mark up percentages are used to increase the prices of items
The dealers cost of the refrigerator is $591.36
How to determine the dealer cost
Represent the dealer cost of the refrigerator with x.
Given that the markup is 20% and the selling price of the refrigerator is $739.20, then we have the following equation
x = 739.20 * (1 - 20%)
Evaluate the product
x = 591.36
Hence, the dealers cost of the refrigerator is $591.36
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