Question

The bakers want to sell their house for $145,500. After 2 months, the Bakers decided to mark down the price of their house 8% to sell more quickly. How much are the Bakers selling their Fouse for now?

Answer 1

The details provided are as follows;

The sales price of the house = 145500

Mark down price = -8%

This means the bakers were willing to sell their price not at a 100% price of 145500, but at a price which is -8% of 145500. We would start by calculating 8% of 145500 as follows;