The original price of a bicycle was $375. Now it is on sale for $295. What percentage of the original price was the markdown?

Answer 1

To find the percentage of the markdown, we need to calculate the difference between the original price and the sale price.

The markdown amount is $375 - $295 = $<<375-295=80>>80.

To find the percentage of the markdown, we divide the markdown amount by the original price and multiply by 100.

Percentage markdown = ($80 / $375) x 100 = 21.33%.

Therefore, the markdown is approximately 21.33% of the original price.