By Dr. John T. Drea, Western
Illinois University
Markdowns
lAfter several months, the retailer
still had several pairs of
Ringo boots, so he/she decided to reduce the selling price by $40. What
was the markdown percentage?
Markdown
% = dollar markdown/original selling price
=
$40/$125
=
32%
If
the original price had only been set at $110, what’s the
markdown
%?
=
$40/110
=36.4%