Question

A Diamond ring that normally sells for $1275 is on sale for $1020. A ruby ring that sells for $290 is on sale for $203. What is the percent markdown for the diamond rind and what is the percent markdown for the ruby ring?

Answer 1

20%, 30%

Explanation:

A diamond ring that normally sells for $1275 is now being sold at $1020

The percent mark down of the diamond ring can be calculated as follows

= 1275-1020

= 255

= 255/1275 ×100

= 0.2 ×100

= 20%

A ruby ring that sells for $290 is now being sold at $203

= 290-203

= 87

= 87/290 ×100

= 0.3×100

= 30%

Hence the percent mark down for the diamond ring and ruby ring is 20% and 30% respectively