the original price is $76. the sale price is $55.61. how much was the markdown?

Question

round your answer to the nearest percent

Answer 1

the original price is $76. the sale price is $55.61. how much was the markdown?

round your answer to the nearest percent

First, subtract the SALES PRICE from the ORIGINAL PRICE to determine the amount of DISCOUNT.

$ 76.00 - $ 55.61 = $ 20.39

Next, write a FRACTION or RATIO with the DISCOUNT AMOUNT as the NUMERATOR(on top),

and the ORIGINAL PRICE as the DENOMINATOR(on the bottom).

20.39

--------

76

Then, convert the fraction to a DECIMAL by dividing 76 into 20.39, which is 0.2682.

Finally, MOVE THE DECIMAL POINT TWO PLACES TO THE RIGHT, which is the same thing as multiplying by 100. Remember, PERCENT means what part of 100. I look at in terms of money. $0.2682 is

very close to 27 cents. We don't have a coin for one-thousandth of a dollar.

ANSWER: 27% DISCOUNT

CHECKING:

If the ORIGINAL PRICE of $76 is being discounted by 26.82%, then the amount of DISCOUNT is:

.2682 x 76 = 20.3832 or $20.38.

$76.00 - $20.38 = $55.62 (close enough)

Hope this helps you Nicky.