Question
If 1200 lbs. is reduced to 750lbs. Determine the percent markdown.
- 32.8%
- 28.5%
- 37.5%
Hint:
A markdown means a decrease in the original value of a quantity. A markdown percentage means a decrease of a percentage of the original value. In the given question, we are given original value as 1200lbs and the reduced value is 750lbs. We have to find the markdown percentage.
The correct answer is: 37.5%
For this question original value is 1200lbs and the new value is 750lbs.
A markdown means a decrease in the original value. So we can write the formula of markdown as
Markdown = original value – new value
Substituting the values we get
Markdown = 1200-750
= 450
A markdown percentage means a decrease in percentage of the original value. Once we find the markdown we can find the markdown percentage. The formula for markdown is as follows
Substituting the values.
markdown percentage = 3.75 ×100
markdown percentage. = 37.5 %
Therefore, markdown percentage is 37.5%
So option (c), which is '37.5%' is the right option.
Markdown in general is decrease in original value. We have to be careful of value is decreasing or increasing.
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