Question

List the sale price of the item. Round to two decimal places when necessary. Original price: $25; Markdown: 12%.

Answer 1

Answer

Sale Price = $22

Explanation

Mark down percentage is given as

$\text{Markdown percentage = }\frac{(Original\text{ Price) - (Sale Price)}}{(Original\text{ }Price)}\times100$

For this question,

Markdown percentage = 12%

Original Price = $25

Sale Price = ?

$\begin{gathered} \text{Markdown percentage = }\frac{(Original\text{ Price) - (Sale Price)}}{(Original\text{ }Price)}\times100 \\ 12=\frac{25-(\text{Sale Price)}}{25}\times100 \\ \text{Divide both sides by 100} \\ 0.12=\frac{25-(\text{Sale Price)}}{25} \\ \text{Cross multiply} \\ 25-(\text{Sale Price) = (0.12 }\times25) \end{gathered}$

25 - (Sale Price) = 3

Sale Price = 25 - 3

Sale Price = $22

Hope this Helps!!!