Explanation Given Information: The markdown percent of 1 yd carpet is 40 % and the sale price is $ 24.66 . 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 1 yd carpet is 40 % and the sale price is $ 24.66 . So, Markdown percent = 40 % and Sale price = $ 24.66 . The original selling price can be calculated using the following equation, Original selling Price = Sale Price 100% − Markdown percent Substitute Markdown percent = 40 % and Sale price = $ 24.66 in the above formula, Original selling Price = Sale Price 100% − Markdown percent = 24

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 5RE

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To calculate: The original selling price and amount of markdown if markdown percent is 40% and the sale price is $24.66.

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Chapter 8.III, Problem 4RE

Chapter 8.III, Problem 6RE

Chapter 8 Solutions

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 original selling price and amount of markdown if markdown percent is 40 % and the sale price is $ 24.66 .

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To calculate: The original selling price and amount of markdown if markdown percent is 40% and the sale price is $24.66.

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Chapter 8 Solutions