Question

Lindy’s boutique marked down her entire winter stock by 20%. The selling price of all winter stock is R 128400

1. Calculate the amount the business will receive as sales for the stock. Show all calculations

2. What is the mark-down amount?

Answer 1

1. Let x be the original price of the winter stock.
After the 20% markdown, the selling price of the stock is 0.8x = R128400.
Therefore, x = R128400 / 0.8 = R160500.

So, the business will receive R160500 as sales for the stock.

2. The markdown amount is the difference between the original price and the selling price:
Markdown amount = R160500 - R128400 = R32100.