Question

A laptop was originally sold for $975. The laptop is now on sale for $828.75. What is the percent markdown?

Answer 1

The percentage markdown is 15 % .

Explanation:

Formula

`Percentage = (Change\ in\ price* 100)/(Initial\ value)`

Where

Change in Price = Final price - Initial price

As given

A laptop was originally sold for $975.

The laptop is now on sale for $828.75.

Initial price = $975

Final price = $828.75

Change in Price = $828.75 - $975

= - $146.25

(As the negative sign represented the decrease thus negelected .)

= $146.25

Putting all the values in the formula

`Percentage\ markdown = (Change\ in\ price* 100)/(Initial\ value)`

`Percentage\ markdown = (146.25* 100)/(975)`

`Percentage\ markdown = (14625)/(975)`

= 15%

Therefore the percentage markdown is 15 % .

Answer 2

( new - original)/ original * 100 = percent markdown

(975 - 828.75) / 975 * 100 = percent markdown

146.25/975 *100 = percent markdown

.15* 100 = percent markdown

15 percent markdown