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

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step-by-step explanation:

mark brainliest.