Question

For a football fundraiser, the booster club sold $8 nahos at the homecoming pep rally. In the last 30 minutes they wanted to sell as many as possible so they lowered the price to $5. What percent markdown were the fans receiving?

Answer 1

Percent markdown from 8$ to 5$ is 37.5%

Explanation:

Given that the booster club is selling nahos at $8 price and in last 30 minutes to sell as many as possible, they lowered the price to 5$.

Percent mark down=
`(decrease in price)/(original price) X100`

`=(8-5)/(8) X100=(3)/(8)X100`

`=37.5`

Hence percent markdown from 8$ to 5$ is 37.5%