| Markdowns |
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| l | After several
months, the retailer still had |
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| several pairs of
Ringo boots, so he/she |
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| decided to reduce
the selling price by $40. |
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| What was the
markdown percentage? |
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| Markdown
% = dollar markdown/original selling price |
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| =
$40/$125 |
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| = 32% |
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| If
the original price had only been set at $110, what’s the |
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| markdown
%? |
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| =
$40/110 |
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| =36.4% |
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