Question

Coffee with a cost of $5.00 and a retail price of $10. (100% markup)

$5 + 10% = $5.50;
Question: What is the % discount off retail price of $10 does it take to equal $5.50 ?
Set this up in an equation and solve

Answer 1

To find the percentage discount from a $10 retail price to a $5.50 sale price, calculate the difference, divide by the original price, and multiply by 100. The answer is a 45% discount.

Step-by-step explanation:

To determine the percentage discount off the retail price of $10 that results in a sale price of $5.50, we can set up the following equation:

Discount % = ((Retail Price - Sale Price) / Retail Price) * 100

Plugging in the values, we get:

Discount % = (($10 - $5.50) / $10) * 100

Discount % = ($4.50 / $10) * 100

Discount % = 0.45 * 100

Discount % = 45%

Therefore, a 45% discount off the retail price of $10 is needed to reduce the price to $5.50.