Question

The grocery store is having a candy sale. Originally, a candy bar was $1.50. The
sale price is $0.50. What is the markdown rate? Round to the nearest whole
percent.

Answer 1

The markdown rate is 66.7%.

Markdown rate

Using this formula

Markdown rate= Change in price/original price×100

Let plug in the formula

Markdown rate=$1.50-$0.50/$1.50

Markdown rate=$1.00/$1.50×100

Markdown rate=66.66%

Markdown rate=66.7% (Approximately)

Inconclusion the markdown rate is 66.7%.

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