calculate the markdown rate. jacket regular price $25 sale price $16 markdown rate = ?% round to the nearest…
calculate the markdown rate. jacket regular price $25 sale price $16 markdown rate = ?% round to the nearest percent.
Answer
Explanation:
Step1: Find the amount of markdown
Markdown = Regular Price - Sale Price Markdown = $25 - 16=9$
Step2: Calculate the markdown rate
Markdown Rate = $\frac{\text{Markdown}}{\text{Regular Price}}\times100%$ Markdown Rate = $\frac{9}{25}\times100% = 36%$
Answer:
36%