Problema Solution
The original price of a pair of shoes is $81. The sale price is $63.25. How much was the markdown?
Answer provided by our tutors
The markdown is expressed by this equation (p is the percent markdown):
63.25 = 81 - 81 * p
81p = 17.71
p = 17.71/81
p = 0.2191
this is basically a 22% markdown