Question

8. A furniture shop sells sofas for $880. If the shop wanted to offer the lower price of $640, what rate of markdown would it have to offer?

Answer 1

Subtract the two prices to find the difference, then divide the difference by the original price

.

880 - 640 = 240

240 / 880 =0. 2727 = 27.27% discount Round the answer as needed.