mark down price

Question

The original price of a pair of binoculars is 87$ . The sale price is 71.91. How much was the markdown?

Answer 1

I assume you mean what was the markdown percent (in dollars, the markdown was $87 - $71.91 = $15.09):

 

(Original Price - Sale Price)/(Original Price) = Markdown

 

($87 - $71.91)/($87) = Markdown

 

($15.09)/($87) = Markdown

 

0.183 = Markdown = 18.3%