Question

The winner’s Store marked down a $74 DVD player to $48.

What is the dollar markdown?
What is the markdown percent?

Answer 1

a) dollar markdown = price reduction = $74 - $48 = $26

b) percent markdown = (initial - final) / initial × 100% = 26/74 × 100% = 35.1%

Answer 2

$74-$48 = $26 markdown
26/74 = 35% markdown percent