Solution:
the percent markdown of the iPad is 17.86%
Given:
Original Price = $700
Final price = $575
The markdown is gotten by;
[tex]Markdown=original~price-final~price[/tex]
[tex]Markdown=700-575[/tex]
Markdown = $125
Thus, the percent markdown is gotten by;
[tex]percent~markdown=\frac{markdown}{original~price}~x~ 100[/tex]
percent markdown = [tex]\frac{125}{700}[/tex] × 100%
percent markdown =[tex]\frac{12500}{700}[/tex]
percent markdown = 17.857 %
percent markdown ≈ 17.86%
Therefore, the percent markdown of the iPad is 17.86%
Hope this helps!!
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