Question

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.

Answer 1

To calculate the percent markdown of the car's price, you'll want to use the original price and the current price to find the amount of markdown, and then represent that as a fraction.

1. **Original Price**: $28,500
2. **Current Price**: $25,875
3. **Markdown Amount**: Original Price - Current Price = $28,500 - $25,875 = $2,625

To find the percent markdown, you can use the ratio of the markdown amount to the original price. The fraction representing this ratio is:

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

Thus, the ratio that can be used to calculate the percent markdown is:

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