A $20 item is marked down 30%. What is the markdown?

1 Answer
Nov 17, 2016

Answer:

The markdown is $6.

Explanation:

What we need to calculate is what is 30% of $20.

"Percent" or "%" means "out of 100" or "per 100", Therefore 30% can be written as #30/100#.

When dealing with percents the word "of" means "times" or "to multiply".

Finally, lets call the number we are looking for "n".

Putting this altogether we can write this equation and solve for #n# while keeping the equation balanced:

#n = 30/100 xx 20#

#n = 600/100#

#n = 6