The original price of a bicycle was $375. Now it is on sale for $295. What percentage of the original is the markdown?

Question

I have no idea how to solve percents. I normally use the calculator for percentages so I just need to find the answer.

Answer 1

We first must find the difference to find what the markdown value is.

Original price-sale price = markdown dollar amount

375-295= 80

Now we look at what percentage this markdown price is compared to the original price. Remember that percentages are in the end a fraction or ratio between values. The only difference here is that we need to do a little more work.

markup dollar amount/original price= decimal value ratio (the to be percentage)

80/375 =21.333

Next we are to convert this value to percentages.

decimal value ration x 100% = markdown percentage

21.333 x 100% =21.3% (rounded)

We can double check by multiplying the original cost by our found percentage in decimal format . The value should be 80 since we said that was the difference.

.213 x 375 =79.85 or approx. 80