Calculate the missing information. Round dollars to the nearest cent and percents to the ne Amount of Markdown Markdown Original Selling Price Sale Price Item Percent (in $) Sneakers $54.88 $36.50 % %24

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.
 
Item: Sneakers
Original selling price: $54.88
Amount of Markdown (in $) ?
Sale Price: $36.50
Markdown Percent %: ? 
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DETAILS
BRECMBC9 8.1II.002.
Calculate the missing information. Round dollars to the nearest cent and percents to the ne
Amount of
Markdown
Original
Selling Price
Item
Markdown
Sale Price
Percent
(in $)
Sneakers
$54.88
%24
$36.50
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Transcribed Image Text:/1 Points] DETAILS BRECMBC9 8.1II.002. Calculate the missing information. Round dollars to the nearest cent and percents to the ne Amount of Markdown Original Selling Price Item Markdown Sale Price Percent (in $) Sneakers $54.88 %24 $36.50 Need Help? Read It
Expert Solution
Step 1

Given Information -

Original selling price = $54.88

Sale Price = $36.50

The formula for amount of markdown is given by

Amount of markdown = Original selling price - Sale Price

The formula for Markdown percent is given by-

Markdown percent = Amount of markdownOriginal selling price×100%

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