Unable to sell a hat for $20, a haberdasher (hat seller) lowered the price to $8. It still did not sell, so he cut the price again to $3.20, and finally to $1.28. With one more markdown, he' Il be selling the hat at cost. Assuming that he followed a system in marking his price cuts, can you tell what the next markdown will be?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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3) Unable to sell a hat for $20, a haberdasher (hat seller) lowered the price to $8. It still did not sell, so he cut
the price again to $3.20, and finally to $1.28. With one more markdown, he' Il be selling the hat at cost.
Assuming that he followed a system in marking his price cuts, can you tell what the next markdown will be?
Transcribed Image Text:3) Unable to sell a hat for $20, a haberdasher (hat seller) lowered the price to $8. It still did not sell, so he cut the price again to $3.20, and finally to $1.28. With one more markdown, he' Il be selling the hat at cost. Assuming that he followed a system in marking his price cuts, can you tell what the next markdown will be?
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