Question

The juniors' department had net sales of $580,000 for October. If markdowns were 39.5%, determine the dollar amount of the markdowns.

Answer 1

$229,100

Step-by-step explanation:

Calculation to determine the dollar amount of the markdowns

Using this formula

Dollar amount=Markdowns percentage*Net sales

Let plug in the formula

Dollar amount=.395 x 580,000

Dollar amount= $229,100

Therefore the dollar amount of the markdowns is $229,100