# A Scrabble Game is on sale for $8.50. If the regular price is$10.00, how do you find the Markdown percentage?

Oct 27, 2016

This price change was a 15% decrease or markdown.

#### Explanation:

The formula for determining the percentage marked up or marked down is: $p = \frac{N - O}{O} \cdot 100$ where $p$ is the percentage change, $N$ is the new price and $O$ is the old price.

Filling in the equation with the information we know gives you:

$p = \frac{8.50 - 10}{10} \cdot 100$

Which simplifies to:

$p = - \frac{1.50}{10} \cdot 100$

$p = - 0.15 \cdot 100$

#p = -15

So this price change was a 15% decrease or markdown.