   Chapter 8.III, Problem 6RE ### 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 6. Suitcase $68.00$16.01 $51.99 23.5% To determine To calculate: The amount of Markdown and Markdown percent, for given, Original Selling Price is$68 and Sale Price is $51.99. Explanation Given Information: The Original Selling Price is$68 and Sale Price is $51.99. Formula used: The amount of Markdown can be calculated using the following equation: Markdown=Original Selling PriceSale Price or MD=OrigSale The Markdown Percent can be calculated using the following equation: Markdown%=MarkdownOriginal Price or MD%=MDOrig Calculation: Consider the provided data, Original Selling Price$68 and Sale Price $51.99: Assume, Orig=$68 and Sale=$51.99 The amount of Markdown of Suitcase is: MD=OrigSale Substitute Orig=$68 and Sale=\$51

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