Question

Sheila buys two concert tickets from her friend.She pays $90 for the two tickets. She looks at thetickets and sees that each ticket has a face valueof $52.50.a. How much of a markdown did her friend giveSheila? Explain how you know.B. What was the perecent markdown, rounded to the nearst whole percent?

Answer 1

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data

two tickets price = $90

face value ticket price = $52.50

markdown = ?

percent markdown = ?

Step 02:

a. markdown

markdown = 2* face value ticket price - two tickets price

= 2 * $52.50 - 90$

= $105 - $90

= $15

Step 03:

b. percent markdown

percent markdown = ($15 / $105) * 100%

= 14.3%

The answer is:

markdown = $15

percent markdown = 14%