Question

A chair normally priced at $75, is marked down to $45.

What is the percent markdown for the chair?

Answer 1

Former price75, now is 45, so the discount is 75-45= 30, and the discount is 30/75= 40%

Answer 2

starts at 36....marks up by 60%

36 + 0.60(36) = 36 + 21.60 = 57.60

now they mark it down by 20%

57.60 - 0.20(57.60) = 57.60 - 11.52 = 46.08

46.08 * 2 = 92.16

Explanation: