Question

Van purchased a DVD player on sale. The original selling price was $175.80. The sale price was $150.65. Find the percent markdown.

Answer 1

14%

Explanation:

In this question, we have to find the percent markdown of the cost of the DVD player.

We know that the original price was $175.80, and now it is $150.65

To find the markdown, lets set this up as a proportion:

`(\$down)/(original\$)=(\%down)/(100\%)`

First, lets find how much money was downed due to the sale. Do this by subtracting the sale cost from the original.

175.80 - 150.65 = $25.15

Since we now know our markdown cost, we can plug in the information to our proportion:

`(25.15)/(175.80)=(x)/(100)`

Since we're solving for the percent markdown, we will replace the %down with an x, since we will be solving for x.

Solve for x:

`(25.15)/(175.80)=(x)/(100)`

Cross multiply.

`175.80x=2,515`

Divide both sides by 175.80

`x=14.30602`

When you round the decimal to the nearest whole, you would get a markup of 14%