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Doug Smith is the manager at Fun in the Sun, a beach and summer clothing store, and he is wanting to sell the shop’s entire line of beach flip flops for $10.50 — the original retail price of the flip flops was $15.00. How much did Doug have to mark down to achieve the sale price and what was the percentage markdown?

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Samawati

Answer:

$4.50 : and 30%

Explanation:

Markdown signifies a price reduction.

At Fun in the Sun, the original retail price for flip flops was $15. The manager wants to sell at $10.50.

The markdown will be the original price - the new proposed price

=$15 - $10.50

=$4.50

As a percentage, the markdown will be

=$4.50/$15 x 100

=0.3 x 100

=30%

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