Question

We have a jewelry sale event where we are promoting a gold necklace at 33% off with an initial retail of $88.00. What would the sale price be and what would the markdown dollars be?

Answer 1

(Ignore the scatter plot thing)

Since the necklace is 33% off, you subtract 33% from 100% to get 67% (you’re only paying 67% of the initial price). You can then multiply 88*0.67 to get the sale price, which is $58.96. For the markdown dollars you can subtract 58.96 from 88 to get $29.04 (you saved $29.04 from the sale)