a laptop was originally sold for $975.00. the laptop is now on sale for 828.75. what is the percent markdown? round to the nearest percent

Answer 1

To find the percent markdown, we 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 from the problem:

\[ \text{Original Price} = 975.00 \] \[ \text{Sale Price} = 828.75 \]

1. Calculate the difference between the original price and the sale price:

\[ 975.00 - 828.75 = 146.25 \]

2. Divide the difference by the original price:

\[ \frac{146.25}{975.00} \approx 0.1500 \]

3. Multiply by 100 to get the percentage:

\[ 0.1500 \times 100 = 15.00 \]

Rounding to the nearest percent, the percent markdown is approximately 15%.