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

1 Answer
Oct 27, 2016

Answer:

This price change was a 15% decrease or markdown.

Explanation:

The formula for determining the percentage marked up or marked down is: #p = (N - O) / O * 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 = (8.50 - 10) / 10 * 100#

Which simplifies to:

#p = -1.50 / 10 * 100#

#p = -0.15 * 100#

#p = -15

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