Question

What is the markdown of 35% of $10?

a) $3.50
b) $6.50
c) $0.35
d) $3.00

Answer 1

The markdown of 35% on a $10 item is calculated as (35/100) × $10, which results in a markdown amount of $3.50. The correct answer is a) $3.50.

Step-by-step explanation:

The question posed is related to calculating the markdown of an item based on a given percentage. If we have a product priced at $10 and want to apply a 35% markdown, we calculate this by finding 35% of the price. The calculation is as follows:

(35/100) × $10 = $3.50

Thus, the markdown amount is $3.50. The correct answer is a) $3.50. This demonstrates an understanding of how to work with percentages in a real-world scenario such as finding the reduced price during a sale, which is a valuable mathematical skill in personal finance.