Explanation Given Information: The markdown percent of the pen is 25 % and the sale price is $ 15.90 . Formula used: The original selling price can be calculated using the following equation: Original Selling Price = Sale Price 100% − Markdown percent The markdown percent can be calculated using the following equation: Markdown = Original Selling Price − Sale Price Calculation: Consider the provided data, The markdown percent of the pen is 25 % and the sale price is $ 15.90 . So, Markdown percent = 25 % and Sale Price = $ 15.90 The original selling price can be calculated using the following equation: Original Selling Price = Sale Price 100% − Markdown percent Substitute Markdown percent = 25 % and Sale Price = $ 15.90 in the above formula, Original Selling Price = Sale Price 100% − Markdown percent = 15

Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version

8th Edition

ISBN: 9781305867192

Author: Robert Brechner, Geroge Bergeman

Publisher: South-Western College Pub

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Chapter 8.III, Problem 10RE

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To calculate: The original selling price and amount of markdown of the pen if markdown percent is 25% and the sale price is $15.90.

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Chapter 8.III, Problem 9RE

Chapter 8.III, Problem 11RE

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Chapter 8 Solutions

Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version

Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - For the following, use the basic retailing...Ch. 8.I - Prob. 3TIE Ch. 8.I - Prob. 4TIE Ch. 8.I - Prob. 5TIE Ch. 8.I - Prob. 6TIE Ch. 8.I - Prob. 1RE Ch. 8.I - For the following items, calculate the missing...Ch. 8.I - Prob. 3RE Ch. 8.I - For the following items, calculate the missing...

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The original selling price and amount of markdown of the pen if markdown percent is 25 % and the sale price is $ 15.90 .

Solution Summary: The author calculates the original selling price and the amount of markdown of the pen using the following equation.

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To calculate: The original selling price and amount of markdown of the pen if markdown percent is 25% and the sale price is $15.90.

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Chapter 8 Solutions