Question

a coat at a store is originally priced at $54.99. the store marks the price down to $32.99. to the nearest percent,what is the percent markdown of the coat

Answer 1

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

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

Plugging in the values:

- Original Price = $54.99
- Sale Price = $32.99

Now calculate the difference:

\[
\text{Original Price} - \text{Sale Price} = 54.99 - 32.99 = 22.00
\]

Now substitute this back into the formula:

\[
\text{Percent Markdown} = \left( \frac{22.00}{54.99} \right) \times 100
\]

Calculating this gives:

\[
\text{Percent Markdown} \approx 0.4004 \times 100 \approx 40.04\%
\]

Rounding to the nearest percent, the percent markdown is approximately **40%**.