Question

At the local outlet of a major grocery store, manager Maria Grimaldi has just authorized the markdown of a dozen large eggs by $0.35 a dozen. The regular price of a dozen large eggs is $1.09. What is the markdown rate?

28.2%


48.1%


32.1%


16.0%

Answer 1

The markdown rate is 32.1%

Explanation:

We can easily solve this problem by applying a rule of three,

$1.09 a dozen ---------------------------------- 100% of the value

$0.35 a dozen ------------------------------------- x

x = ($0.35/$1.09) * 100%

x = 0.3211 *100%

x = 32.11%

The markdown rate is 32.1%