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

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Answer 1

The ratio that can be used to calculate the percent markdown is the difference in price over the original price. Specifically, the fraction representing this ratio is:

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

Calculating the difference:

\[ 28,500 - 25,875 = 2,625 \]

So the ratio can be expressed as:

\[ \frac{2,625}{28,500} \]

This fraction can be used to calculate the percent markdown.