1 Answer

Valelik · Answer 1 · 2023-01-13T03:41:29+0000

A markdown is a reduction in the price of an item.

Markdown rate is calculated using the formula:

$\text{Markdown rate = }\frac{\text{Original price - Sale price}}{Original\text{ price}}*100\text{ }$

Given:

Original price = $ 50

Sale price = $ 30

Substituting:

$\begin{gathered} \text{Markdown rate = }(50-30)/(50)*\text{ 100} \\ =(20)/(50)*\text{ 100 \%} \\ =\text{ 40 \%} \end{gathered}$

Hence, the markdown rate for the shoes is 40%

Answer: Option D

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