Question

A certain pair of shoes that you would like to purchase was originally marked at $53.75 but have since been marked down to $32.50. What is the markdown expressed as a percent change?

Answer 1

The markdown would 40%. You can tell this by doing (.40)(53.75) = 21.5. This is how much is discounted. After subtracting the discount from the original price you would get a new total of 32.50 to check your work. Hope this helps!