A wooden duck with a regular selling price of $125.99 is marked down to $79.99. The percent of markdown is:
Answer: 36.51% What is the formula? How to solve this?
Well, well, well! Looks like we've got ourselves a markdown puzzle! To find the percent markdown, we can use a simple formula. Here's how you can solve it:
1. Subtract the new price from the original price: $125.99 - $79.99 = $46.00
2. Divide this difference by the original price: $46.00 ÷ $125.99 = 0.3651
3. Multiply the result by 100 to get the percentage: 0.3651 * 100 = 36.51%
Voilà! The percent markdown on that wooden duck is 36.51%. Just remember, math can be a little dry, so don't forget to add a little humor to keep things interesting!
To calculate the percent of markdown, you can use the following formula:
Percent of Markdown = ((Regular Selling Price - Sale Price) / Regular Selling Price) * 100
To solve this specific example, apply the formula:
Percent of Markdown = (($125.99 - $79.99) / $125.99) * 100
Percent of Markdown = ($46 / $125.99) * 100
Percent of Markdown ≈ 0.3651 * 100
Percent of Markdown ≈ 36.51%
Therefore, the percent of markdown for the wooden duck is approximately 36.51%.
To calculate the percent of markdown, you can use the following formula:
Percent of Markdown = ((Regular Selling Price - Marked Down Price) / Regular Selling Price) * 100
In this case, the regular selling price is $125.99, and the marked down price is $79.99.
Substituting these values into the formula, we get:
Percent of Markdown = (($125.99 - $79.99) / $125.99) * 100
= ($46 / $125.99) * 100
To compute this, divide $46 by $125.99 and then multiply the result by 100:
= 0.365042 * 100
= 36.5042%
So, the percent of markdown is approximately 36.51%.