Final answer:
The total dollar markdown on 50 chairs, with each chair initially priced at $120 and a 25% discount applied, is $1500.
Step-by-step explanation:
The question asks to calculate the total dollar markdown on a group of 50 chairs that are being sold with a discount of 25% off their retail price of $120 each. To find the markdown for one chair, we take 25% of $120:
Markdown per chair = 25% of $120 = 0.25 × $120 = $30
Now, to find the total dollar markdown for 50 chairs, we multiply the markdown per chair by the number of chairs:
Total markdown = 50 × $30 = $1500
So the total dollar markdown on a group of 50 chairs is $1500.