help with math due in an hour
Now that the original selling price is known to be
SP0 = $103.77,
we can calculate the selling price after the markdown of 15%. This will be calculated using the following formula.
SP1 = SP0(100% − markdown%)
As before, the percentages must first be converted to decimals. The first markdown was 15%, so we have
100% − markdown% = 100% − 15% = 85%.
Converting 85% to a decimal gives .
Substitute this decimal value and
SP0 = $103.77
to find the selling price (in $) after the first markdown, rounding the result to the nearest cent.
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SP1 |
= |
SP0(100% − markdown%) |
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= |
$103.77
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= |
$ |