The original price of a car was $28,500. Its current price is $25,875. What ratio can be used to calculate the percent markdown that has taken place in the car's price? Represent the ratio as a fraction.

Question

Type your response in the box below.

Answer 1

The ratio that can be used to calculate the percent markdown is represented as the difference between the original price and the current price over the original price.

The markdown amount is:

\[ \text{Markdown} = \text{Original Price} - \text{Current Price} = 28,500 - 25,875 = 2,625 \]

Thus, the ratio can be expressed as:

\[ \frac{\text{Markdown}}{\text{Original Price}} = \frac{2,625}{28,500} \]

So, the ratio you can use to calculate the percent markdown is:

\[ \frac{2625}{28500} \]