A Scrabble Game is on sale for $8.50. If the regular price is $10.00, how do you find the Markdown percentage?
This price change was a 15% decrease or markdown.
The formula for determining the percentage marked up or marked down is:
Filling in the equation with the information we know gives you:
Which simplifies to:
#p = -15
So this price change was a 15% decrease or markdown.