An appliance dealer marks up refrigerators 30% (based on cost). If the cost of one model is $1,000, what should its selling price be?

1.3 * 1000 = ?

no

To find the selling price of the refrigerator, we need to calculate the 30% markup on the cost. Here's the step-by-step process to get the answer:

1. Convert the 30% markup to a decimal by dividing it by 100: 30/100 = 0.3.

2. Calculate the markup amount by multiplying the cost of the refrigerator by the markup percentage: $1,000 * 0.3 = $300.

3. Add the markup amount to the cost to obtain the selling price: $1,000 + $300 = $1,300.

Therefore, the selling price of the refrigerator should be $1,300.