Question

Hall's Discount Clothiers offered a particular brand of men's 3-piece suits for $79.95 last month. Hall's has 150 suits remaining and decides to run a special weekend sale on these suits at $64.50 each.

What percentage markdown is the store offering?

Answer 1

Percentage change = 19.32% (Approx)

Step-by-step explanation:

Given:

Old price for suit piece = $79.95

New price for suit piece = $64.50

Percentage markdown = ?

Computational of percentage markdown:

Percentage change = [100 (New price - Old price)] / Old price

Percentage change = [100 ($64.50 - $79.95)] / $79.95

Percentage change = [100 (-$15.45)] / $79.95

Percentage change = [-$1,545] / $79.95

Percentage change = 19.3245779

Percentage change = 19.32% (Approx)