Problema Solution
Office Market is having a sale on printer paper. If you buy 2 reams for $8.99 each, you will get a third ream free. Calculate the markdown percent. (Round the percent to the nearest tenth).
Answer provided by our tutors
selling price of three reams = $26.97
reduced selling price = $17.98
% = 17.98/26.97 = 2/3
1-2/3 = 1/3
markdown % = 1/3 * 100 = 33.33%