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.

1 answer

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:

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