MTH 130 Modern Business Mathematics
Brigitte Martineau Section 8.2
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Markdown
When the merchandise is not sold at regular price, the retailer will decide to sell at
_________ price also called ________________
Base is always the ___________ price
The sale price will become the new price.
Formula used: Selling Price - Markdown = Sale Price
1. A 30% reduction is given on an electric can opener that usually sells for $20. Find the sale
price.
2. Following a 12.5% reduction, a lamp was sold for $43. Find the regular selling price.
3. A television that usually sells for $450, was sold on sale for $360. What was the dollar
amount and percent of markdown?
