Question

A DVD player that was originally priced at $399.95 and cost $215 is ultimately sold for $349.95. What were the reduction percentage and the maintained markup percentage on this DVD player?

Answer 1

Answer:

Reduction percentage is 62.8%

Maintained markup percentage is 86%

Explanation:

Reduction percentage = (sales price - cost price)/cost price × 100 = (349.95 - 215)/215 × 100 = 0.628 × 100 = 62.8%

Maintained markup price = (marked price - cost price)/cost price × 100 = (399.95 - 215)/215 × 100 = 0.86 × 100 = 86%