   Chapter 8.III, Problem 1RE ### 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

# For the following items, calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Original Amount of Markdown Item Selling Price Markdown Sale Price Percent 1. Fish tank $189.95________$28.50 $161.45 15%_______ To determine To calculate: The Sale Price and Markdown percent, for given, Original Selling Price is$189.95 and amount of Markdown is $28.5. Explanation Given Information: The Original Selling Price is$189.95 and amount of Markdown is $28.5. Formula used: The Sale Price can be calculated using the following equation: Sale Price=Original Selling PriceMarkdown or Sale=OrigMD The Markdown Percent can be calculated using the following equation: Markdown%=MarkdownOriginal Price or MD%=MDOrig Calculation: Consider the provided data, Original Selling Price$189.95 and amount of Markdown $28.5: Assume, Orig=$189.95 and MD=$28.50 The Sale Price is: Sale=OrigMD Substitute Orig=$189

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