The sales price of the jacket is $140.
What is a markdown price?
A price markdown is a planned decrease in the retail item's selling price. It is used to accelerate an item's sales rate, usually for clearing at the closing of a season or to get rid of outdated goods when their useful lives have passed.
Markdown prices are reductions in a product's selling price from its initial selling price expressed as a rate called markdown percentage. Markdown prices are more commonly referred to as discounts.
From the given information:
- The markdown price of the jacket = 20% of the original price.
- If the original price of the jacket is $175.
Then the sales price of the jacket is:
= $175 - (20% of $175)
=$175 - $35
= $140
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