Question

Office Market is having a sale on printer paper. If you buy 2 reams for $8.99 each, you will get a third ream free. Calculate the markdown percent
C1 = 2*8.99/3 = $5.99 each with markdown

C2 = 8.99 Each, Without markdown.

(5.99/8.99)-1 = -0.3337 = -33.4% Or 33.4% Markdown.

The negative sign means markdown.

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