Question

Jessica went shopping for a new watch. She found a watch that was originally priced at $50 on sale for $40. By what percent had the watch been marked down?

Answer 1

20%

Explanation:

We were given a price at $50 on sale for $40. To get the markdown percentage, take the amount of money you've discounted the merchandise at and divide it by the sales price.

$50 sweaters, you can put them on sale for $40.

`50 - 40 = 10`

The difference between these two prices is $10.

Now, we need to add the amount of which it was marked down

`10 + 10 = 20`

Therefore, the watch has been marked down by 20%.