Final answer:
To find the retail price after a 36% markdown on a $30 item, first calculate the markdown amount ($10.80) then subtract it from the original price. The new retail price is $19.20.
Step-by-step explanation:
The question involves calculating the new retail price after applying a markdown to the original price. Here, we have an original price of $30 and a markdown of 36%. To find the markdown amount, you multiply the original price by the markdown percentage, converted to a decimal:
$30 × 0.36 = $10.80.
Next, subtract the markdown amount from the original price to find the new retail price:
$30 - $10.80 = $19.20.
Therefore, the correct answer is A) $19.20.
To calculate the retail price of an item after a markdown, we can use the formula:
Retail Price = Original Price - (Original Price * Markdown)
In this case, the original price is $30 and the markdown is 36%.
Markup = $30 - ($30 * 0.36) = $30 - $10.80 = $19.20
Therefore, the retail price is $19.20 (Option A).