Question

When a 15%, 38%, and 44% series of discounts are applied, the total markdown rounded to the nearest percent is

Answer 1

9514 1404 393

Answer:

70%

Explanation:

Each discount d multiplies the price by (1 -d). The total multiplier is ...

(1 -15%)(1 -38%)(1 -44%) = (0.85)(0.62)(0.56) = 0.29512 ≈ 1 -70.49%

The total markdown is about 70%.