Question

Hall's Discount Clothiers offered a particular brand of men's 3-piece suits for $79.95 last month. Hall's has 150 suits remaining and decides to run a special weekend sale on these suits at $64.50 each. What percentage markdown is the store offering? Percentage markdown =

Answer 1

%change=100(final-initial)/initial

%change=100(64.5-79.95)/79.95

%change≈ -19.32%

So it's about a 19 1/3% markdown off the original price...

Answer 2

Percentage markdown is 19.32% .

Explanation:

Formula

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

Where Change in value = |Final value - initial value|

As given

Hall's Discount Clothiers offered a particular brand of men's 3-piece suits for $79.95 last month.

Hall's has 150 suits remaining and decides to run a special weekend sale on these suits at $64.50 each

Final value = $64.50

Initial value = $79.95

Putting in the formula

Change in value = |64.50 - 79.95|

= |15.45|

= 15.45

Putting in the formula

`Percentage\ change = (15.45* 100)/(79.95)`

`Percentage\ change = (154500)/(7995)`

Percentage change = 19.32%

Therefore the Percentage markdown is 19.32% .