Question

The original selling price was ​$171.50. The sale price was ​$145.22. What is the first step in finding the percent​ markdown? Find the percent markdown.

Answer 1

The percent markdown is found by subtracting the sale price from the original selling price, dividing the result by the original selling price, and multiplying by 100. In this example, the percent markdown is 15.32%.

Step-by-step explanation:

To find the percent markdown on an item, first determine the amount of the markdown by subtracting the sale price from the original selling price. Then, divide the markdown amount by the original selling price and multiply by 100 to convert it to a percentage.

In this case, subtract the sale price, $145.22, from the original selling price, $171.50, to find the markdown amount.

Markdown amount = Original Selling Price - Sale Price

= $171.50 - $145.22

= $26.28

Next, divide the markdown amount by the original selling price and multiply by 100 to find the percent markdown.

Percent markdown = (Markdown amount ÷ Original Selling Price) × 100

= ($26.28 ÷ $171.50) × 100

= 15.32%