business math

Question

A screwdriver was originally priced at $40 and was reduced by 20% what is the markdown

Answer 1

In this question, the markdown is the amount the screwdriver was reduced, in dollars and cents.  So, it is really asking what is 20% of $40.  Solve this by 0.2*40=8.  So the markdown is $8.  If the question asked what the final price would be, take the original price and subtract the markdown, 40-8=$32.

 

Hope this helps.