calculate the markdown rate.\ntowel\nregular price $12\nsale price $9\nmarkdown rate = ?%\nround to the…

calculate the markdown rate.\ntowel\nregular price $12\nsale price $9\nmarkdown rate = ?%\nround to the nearest percent.

calculate the markdown rate.\ntowel\nregular price $12\nsale price $9\nmarkdown rate = ?%\nround to the nearest percent.

Answer

Explanation:

Step1: Find the amount of markdown

Markdown = Regular price - Sale price. So, Markdown = $12 - 9=3$.

Step2: Calculate the markdown rate

Markdown rate formula is $\text{Markdown Rate}=\frac{\text{Markdown}}{\text{Regular Price}}\times 100%$. Substitute the values: $\text{Markdown Rate}=\frac{3}{12}\times 100%$. $\frac{3}{12}\times 100% = 0.25\times 100%=25%$.

Answer:

25%