Question

a wholesale company prices its inventory at $127,674. if the original price of the items was $214,095, find the percent of markdown on the original price. the percent of markdown was □%. (round to the nearest whole percent as needed.)

Explanation:

Step1: Find the markdown amount

The markdown amount is the original price minus the new price. So we calculate \( 214095 - 127674 \).
\( 214095 - 127674 = 86421 \)

Step2: Calculate the markdown percentage

The formula for markdown percentage is \( \frac{\text{Markdown Amount}}{\text{Original Price}} \times 100\% \).
Substitute the values: \( \frac{86421}{214095} \times 100\% \)
First, calculate \( \frac{86421}{214095} \approx 0.4036 \)
Then multiply by 100%: \( 0.4036\times 100\% = 40.36\% \)
Round to the nearest whole percent: \( 40\% \)

Answer:

40