Explanation Given Information: The Original Selling Price is $ 53.88 and Sale Price is $ 37.5 . Formula used: The amount of Markdown can be calculated using the following equation: Markdown = Original Selling Price − Sale Price or MD = Orig − Sale The Markdown Percent can be calculated using the following equation: Markdown% = Markdown Original Price or MD% = MD Orig Calculation: Consider the provided data, Original Selling Price $ 53.88 and Sale Price $ 37.5 : Assume, Orig = $ 53.88 and Sale = $ 37.50 The amount of Markdown of Sneakers is: MD = Orig − Sale Substitute Orig = $ 53

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

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Chapter 8.III, Problem 2RE

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To calculate: The amount of Markdown and Markdown percent, for given, Original Selling Price is $53.88 and Sale Price is $37.5.

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Chapter 8.III, Problem 1RE

Chapter 8.III, Problem 3RE

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Contemporary Mathematics for Business & Consumers

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 amount of Markdown and Markdown percent, for given, Original Selling Price is $ 53.88 and Sale Price is $ 37.5 .

Solution Summary: The author calculates the amount of Markdown and markdown percent using the following equation.

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To calculate: The amount of Markdown and Markdown percent, for given, Original Selling Price is $53.88 and Sale Price is $37.5.

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Chapter 8 Solutions