Question

Doug Smith is the manager at Fun in the Sun, a beach and summer clothing store, and he is wanting to sell the shop’s entire line of beach flip flops for $10.50 — the original retail price of the flip flops was $15.00. How much did Doug have to mark down to achieve the sale price and what was the percentage markdown?

Answer 1

$4.50 : and 30%

Step-by-step explanation:

Markdown signifies a price reduction.

At Fun in the Sun, the original retail price for flip flops was $15. The manager wants to sell at $10.50.

The markdown will be the original price - the new proposed price

=$15 - $10.50

=$4.50

As a percentage, the markdown will be

=$4.50/$15 x 100

=0.3 x 100

=30%