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.
- Original Price: $28,500
- Current Price: $25,875
- 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:
\[ \frac{2,625}{28,500} \]