Final answer:
To find the percent markdown of the coat, subtract the sale price from the original price, divide by the original price and multiply by 100.
Step-by-step explanation:
To find the percent markdown of the coat, you need to calculate the difference between the original price and the sale price, and then divide that by the original price. Here are the steps:
- Subtract the sale price of $32.99 from the original price of $54.99: $54.99 - $32.99 = $22
- Divide the difference by the original price and multiply by 100 to get the percent: ($22 / $54.99) * 100 = 40.007273%.
- Rounding to the nearest percent, the percent markdown of the coat is 40%.