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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

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
9. Copier $1,599.88 35%

To determine

To calculate: The amount of markdown and sale price if the original selling price is $1599.88 and markdown percent is 35%.

Explanation

Given Information:

The original selling price of the copier is $1599.88 and markdown percent is 35%.

Formula used:

The sale price can be calculated using the following equation:

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

The markdown can be calculated using the following equation:

Markdown=Original selling PriceSale Price

Calculation:

Consider the provided data,

The original selling price of the copier is $1599.88 and markdown percent is 35%.

So, Original selling Price=$1599.88 and Markdown percent=35%.

The sale price of the copier is,

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

Substitute Original selling Price=$1599.88 and Markdown percent=35% in the above formula,

Sale Price=Original Selling Price(100%Markdown percent)=1599

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