   Chapter 8.III, Problem 9RE ### 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 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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