Question

Find the percent markdown. Cost of a scarf $15.00, selling price $14.25

Answer 1

The percentage markdown is 5%.

`5\text{\%}`

Step-by-step explanation:

We want to find the percentage markdown in price.

Given;

`\begin{gathered} \text{Cost price = \$15.00} \\ \text{Selling price = \$14.25} \end{gathered}`

The percent change is;

`\begin{gathered} \text{ \%P =}\frac{\text{ Cost price - selling price}}{\text{ cost price}}*100\text{\%} \\ \text{ \%P=}(15.00-14.25)/(15.00)*100\text{\%} \\ \text{\%P=}(0.75)/(15.00)*100\text{\%} \\ \text{\%P=0.05}*100\text{\%} \\ \text{ \%P= 5\%} \end{gathered}`

Therefore, the percentage markdown is 5%.

`5\text{\%}`