   Chapter 8.III, Problem 12RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# Solve the following word problems, rounding dollars to the nearest cent and percents to the nearest tenth of a percent.A soccer ball that originally sold for $24.66 at Target was marked down by$10.a. What is the sale price?b. What is the markdown percent?

(a)

To determine

To calculate: The sale price of soccer ball if the original selling price is $24.66 and the amount of markdown is$10.

Explanation

Given Information:

The original selling price of a soccer ball is $24.66 and the amount of markdown is$10.

Formula used:

The sale price can be calculated using the following equation:

Sale Price=Original Selling PriceMarkdown

Calculation:

Consider the provided data,

The original selling price of a soccer ball is $24.66 and the amount of markdown is$10.

So, Original Selling Price=$24.66 and Markdown=$10

(b)

To determine

To calculate: The markdown percent if the original selling price is $24.66 and the amount of markdown is$10.

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