Contemporary Mathematics for Busin...
Solutions
Contemporary Mathematics for Busin...
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 calculate: The Sale Price and Markdown percent, for given, Original Selling Price is
Given Information:
The Original Selling Price is
Formula used:
The Sale Price can be calculated using the following equation:
The Markdown Percent can be calculated using the following equation:
Calculation:
Consider the provided data, Original Selling Price
Assume,
The Sale Price is:
Substitute
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