Question

At the Lira Store for Girls, socks are on sale this week for $1.29 a pair. The regular selling price is $1.79 a pair. What is the markdown rate?

Answer 1

If you would like to know the markdown rate, you can calculate this using the following steps:

x% of $1.79 is $1.29
x% * 1.79 = 1.29
x/100 * 1.79 = 1.29
x = 1.29 * 100 / 1.79
x = 72.07%

100% - 72.07% = 27.93%

The final price is 27.93% decreased.