Question

Calculate the markdown rate.
Gloves
Regular Price $15
Sale Price
$5
Markdown Rate = [?]%
Round +

Answer 1

Answer:

($15 - $5)/$15 = $10/$15 = 2/3 = 67%

67 goes into the box.

Answer 2

Answer:

$\sf 66.67\%$

Step-by-step explanation:

The markdown rate can be calculated using the following formula:

$\sf \textsf{Markdown Rate} = \left( \dfrac{\textsf{Regular Price} - \textsf{Sale Price}}{\textsf{Regular Price}} \right) \times 100 \%$

In this case, for the gloves:

$\sf \textsf{Markdown Rate} = \left( \dfrac{15 - 5}{15} \right) \times 100\%$

Simplify the fraction:

$\sf \textsf{Markdown Rate} = \left( \dfrac{10}{15} \right) \times 100\%$

Reduce the fraction:

$\sf \textsf{Markdown Rate} = \left( \dfrac{2}{3} \right) \times 100\%$

Now, multiply:

$\sf \textsf{Markdown Rate} = \dfrac{200}{3} \% \\\\ \approx 66.666666666666 \% \\\\ \approx 66.67\% \textsf{(rounded to nearest hundredth)}$

So, the markdown rate for the gloves is approximately $\sf 66.67\%$.