Question

Original price: $65.00; markdown: 12%

Answer 1

$57.20.

Explanation:

We have been given that original price of an item is $65 and it is marked down by 12%.

To find the the retail price we need to figure out 88% of 65 as 100%-12%=88%.

`\text{The retail price of the item}=(88)/(100)*\$ 65`

`\text{The retail price of the item}=0.88*\$ 65`

`\text{The retail price of the item}=\$57.20`

Therefore, the retail price of the item will be $57.20.