Question

How can you determine the sale price if you are given the regular price and the percent of markdown? (List the steps)

Answer 1

The sale price is $34

Explanation:

If we are given the regular price P and the markdown percentage r, we follow these steps:

1) Calculate the markdown or discount amount M.

M = P*r/100

2) Subtract it from the regular price:

S = P - M

S is the sale price.

Example: The regular price is $40 and the markdown percentage is 15%. Thus:

1) M = $40*15/100 = $6

2) S = $40 - $6 = $34

The sale price is $34