Question

The Winner’s Store marked down a $74 DVD player to $48. Calculate the following (Show all work to get full credit. Round your answer to the nearest hundredth percent if needed): a) Dollar markdown b) Markdown percent

Answer 1

a) dollar markdown = price reduction = $74 - $48 = $26

b) percent markdown = (initial - final) / initial × 100% = 26/74 × 100% = 35.1%