Question

Find the missing quantity with the information given. Round rates to the nearest whole percent and dollar amounts to the nearest cent.Original price = $4.50$ Markdown = $1.30% Markdown = ?

Answer 1

$4.50 is 100%, and $1.30 is the markdown, so the % of markdown (P) is:

$P=\frac{1.30\cdot100}{4.50}=28.888888\approx28.89$

Approximately 28.89%