Markdown = Regular Selling Price — Sale Price
Markdown = Markdown Rate x Regular Selling Price

During a September sale, Camper Supply has marked down all items 30%. Judy Vaughn purchases a deluxe portable grill that regularly sells for $79.99 and a set of barbecue tools that regularly sells for $19.98. What is the total markdown?

Respuesta :

The total markdown for the sell was 30%.

Markdown

Markdown is given by:

Markdown = (Selling price - Sale price) / selling price

Given the markdown is 30%. For a selling price of $79.99:

0.3 = (x - 79.99)/x

x = 114.27

Also:

0.3 = (x - 19.98)/x

x = 28.54

114.27 + 28.54 = 145.81, 79.99 + 19.98 = 99.97

Total markdown = (145.81 - 99.97)/145.81 = 30%

The total markdown for the sell was 30%.

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