   Chapter 8.III, Problem 4RE ### 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 4. CD player $264.95 30% To determine To calculate: The amount of Markdown and Sale Price, for given, Original Selling Price is$264.95 and Markdown percent is 30%.

Explanation

Given Information:

The Original Selling Price is $264.95 and Markdown percent is 30%. Formula used: The Markdown Percent can be calculated using the following equation: Markdown=Markdown%×Original Price or MD=MD%×Orig The Sale Price can be calculated using the following equation: Sale Price=Original Selling PriceMarkdown or Sale=OrigMD Calculation: Consider the provided data, Original Selling Price$264.95 and Markdown percent 30%:

Assume, Orig=$264.95 and MD%=30% The amount of Markdown of CD Player is: MD=MD%×Orig Substitute Orig=$264

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