a coat at a store is originally priced at $54.99. the store marks the price down to $32.99.\nto the nearest…

a coat at a store is originally priced at $54.99. the store marks the price down to $32.99.\nto the nearest percent, what is the percent markdown of the coat?\na 182%\nb 60%\nc 40%\nd 67%

a coat at a store is originally priced at $54.99. the store marks the price down to $32.99.\nto the nearest percent, what is the percent markdown of the coat?\na 182%\nb 60%\nc 40%\nd 67%

Answer

Explanation:

Step1: Calculate markdown amount

$$54.99 - $32.99 = $22.00$

Step2: Find markdown percentage

$\text{Percent Markdown} = \frac{\text{Markdown Amount}}{\text{Original Price}} \times 100% = \frac{22.00}{54.99} \times 100%$

Step3: Compute and round result

$\frac{22.00}{54.99} \times 100% \approx 40.01% \approx 40%$

Answer:

C. 40%