The percent markdown of the DVD player is calculated by subtracting the sale price from the original price, dividing the difference by the original price, converting to a percent, and rounding to the nearest percent, which results in approximately a 13% markdown.
To find the percent markdown of a DVD player that was originally $175.90 and is now $153.77, we need to calculate the difference in price and then find out what percent that difference is of the original price.
Step 1: Calculate the amount of the markdown by subtracting the sale price from the original price:
$175.90 - $153.77 = $22.13 markdown
Step 2: Divide the markdown by the original price to find the markdown percentage:
$22.13 ÷ $175.90 = 0.1257
Step 3: Convert the decimal to a percent by multiplying by 100 and rounding to the nearest percent:
0.1257 × 100 ≈ 12.57%, which rounds to 13% markdown.