A shopkeeper uses a 25% markup rate on the refrigerator. If the price of a refrigerator is $4500. Calculate the selling price of a refrigerator?

$ 5625

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$ 3375

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$ 1125

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$ 2500

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Solution

The correct option is A $$ 5625$
Given, cost price of refrigerator $= $ 4500$
Markup percentage $= 25 %$

Markup price $= 25 % of $ 4500$
$= \frac{25}{100} \times $ 4500 = \frac{25}{25 \times 4} \times $ 4500$
$= \frac{1}{4} \times $ 4500$
$= $ 1125$

$Selling price = Cost price + Markup price = $ 4500 + $ 1125 = $ 5625$

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A shopkeeper uses a 25% markup rate on the refrigerator. If the price of a refrigerator is $4500. Calculate the selling price of a refrigerator?

The correct option is A $5625Given, cost price of refrigerator =$4500 Markup percentage =25% Markup price =25% of $4500 =25100×$4500=2525×4×$4500 =14×$4500 =$1125 Selling price = Cost price + Markup price =$4500+$1125 =$5625