Question

A laptop was originally sold for $975. The laptop is now on sale for $828.75.
What is the percent markdown?

______ %

Answer 1

To calculate the percent markdown, you can use the following formula:

\[
\text{Percent Markdown} = \left( \frac{\text{Original Price} - \text{Sale Price}}{\text{Original Price}} \right) \times 100
\]

Given:
- Original Price = $975
- Sale Price = $828.75

Now, plug the values into the formula:

1. Calculate the markdown amount:

\[
\text{Markdown Amount} = \text{Original Price} - \text{Sale Price} = 975 - 828.75 = 146.25
\]

2. Now, calculate the percent markdown:

\[
\text{Percent Markdown} = \left( \frac{146.25}{975} \right) \times 100
\]

3. Calculate the division:

\[
\frac{146.25}{975} \approx 0.15
\]

4. Convert to percentage:

\[
0.15 \times 100 = 15
\]

Thus, the percent markdown is **15%**.