# Builder's Warehouse has a clearance on overstocked merchandise. A picnic table that usually sells for $167 and is on sale for$149. What is the markdown?

Nov 17, 2016

The markdown for the picnic table is 10.78%.

#### Explanation:

The reduction in price ($x$) of the picnic table is:

$x = 167 - 149$

$x = 18$

The percentage markdown ($y$) from the original price is:

$167 \times \frac{y}{100} = 18$

Multiply both sides by $\frac{100}{167}$.

$y = 18 \times \frac{100}{167}$

$y = \frac{1800}{167}$

$y = 10.78$