The amount to be reduced is: $40 - $32.5 = $7.5
The percentage decrease is: (7.5 : 40) * 100 = 18.25%
Answer:
answer is 18.76 percent.
Explanation:
CP= $40
SP= $32.5
Markdown percent=?
now,
markdown %= CP-Sp/CP×100%
=7.5/40×100%
=750/40
=18.75%
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