Final answer:
The first step in finding the percent markdown is to subtract the sale price from the original selling price. Then divide the difference by the original selling price and multiply the result by 100 to find the percent markdown.
Step-by-step explanation:
To determine the percent markdown of a DVD player that was originally sold at a certain price and then put on sale for a lower price, you must first calculate the amount that the price was reduced by. The formula for the amount of markdown is:
- Markdown amount = Original selling price - Sale price
After determining the markdown amount, you can find the percent markdown using this formula:
- Percent markdown = (Markdown amount / Original selling price) x 100
So your first step in finding the percent markdown is:
- Subtract the sale price from the original selling price to find the markdown amount.
- Then divide the difference (markdown amount) by the original selling price.
- Finally, multiply the result by 100 to get the percent markdown.