BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
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Detailed explanation-1: -What is the markdown price formula? To compute markdown given the original price and the new price, you need to apply the formula: Markdown = Original price-Actual price . For instance, if the original price was $100 and the price the good is actually sold for is $80, then the markdown equals $20.
Detailed explanation-2: -Determine the markdown. Divide the difference between the prices by the actual selling price. Then, multiply this result by 100. The result represents the markdown percentage.
Detailed explanation-3: -Two-step method: First, multiply the cost (this time it is the cost to buy the item from the company) by the rate to get the markdown amount. Second, subtract the markdown amount from the cost. 2. c−m=S c − m = S .