Question

You can buy a mountain bike on sale for only ( $ 562.97 ). What is the percent markdown if the original price was ( $ 669.50 ? ) (Round to the nearest whole percent.)

Answer 1

To find the percent markdown of a mountain bike, subtract the sale price from the original price, divide the difference by the original price, convert to percent, and round to the nearest whole percent. The calculation shows a 16% markdown.

Step-by-step explanation:

The subject of this question is Mathematics, more specifically, it is related to percentage calculations which is often studied in Middle School.

To calculate the percent markdown of the mountain bike, you need to find the difference between the original price and the sale price and then divide this by the original price. Finally, convert that number to a percentage. Here's how you do it:

1. Calculate the difference in price: $669.50 (original price) - $562.97 (sale price) = $106.53 (markdown amount).
2. Divide the markdown amount by the original price: $106.53 / $669.50 = 0.1592.
3. Convert to percent: 0.1592 x 100 = 15.92%
4. Round to the nearest whole percent: Approximately 16% markdown.

So, the mountain bike has a 16% markdown from its original price.