Question

Romano pays 312.50 for a television set. The markup price of the television set is 25%. What equation could you use to find the amount of money that the store paid for the television set

Answer 1

Answer:

78.125

Step-by-step explanation:

If 312.50 is 100% then 25% is 78.125

Please mark brainiest if correct!!!!!!!!!

Answer 2

Answer:

1.25D = $312.50

Where D is the amount of money that the store paid for the television set.

Step-by-step explanation:

The mark up is the percentage of the cost of an item added to the cost of the item to get the selling price. When the percentage is applied on the cost, the result is the markup amount which is the profit of the selling entity.

As such, if the cost or the amount of money that the store paid for the television set is D, the mark up amount

= 25% * D

= 0.25D

The selling price of the television set will then be

= 0.25D + D

= 1.25D

Since Romano pays 312.50 for a television set, then it means that

1.25D = $312.50