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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

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.

If a file cabinet selling for $98 is put on clearance sale at 60% off, what is the selling price?

To determine

To calculate: The selling price of a file cabinet if the original selling price is $98 and markdown percent is 60%.

Explanation

Given Information:

The original selling price of the file cabinet is $98 and markdown percent is 60%.

Formula used:

The sale price can be calculated using the following equation:

Sale Price=Original Selling Price(100%Markdown percent)

Calculation:

Consider the provided data,

The original selling price of the file cabinet is $98 and markdown percent is 60%.

So, Original Selling Price=$98 and Markdown percent=60%

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