Question

Find the percent markdown. Cost of a pants $36.95, selling price $24.02

Answer 1

35%

Step-by-step explanation:

Given cost of a pant = $36.95 and selling price = $24.02.

Let the markdown percent be y.

To determine the markdown percent, we'll use the below formula;

Sale Price = Original Price x (1 - Markdown% in decimal)

So let's go ahead and substitute the given values into the equation;

`\begin{gathered} 24.02=36.95\ast(1-y) \\ 24.02=36.95-36.95y \\ -12.93=-36.95y \\ y=(-12.93)/(-36.95) \\ y=0.35 \\ \therefore y=35percent \end{gathered}`

So the markdown percent is 35%