7. a $300 suit is marked down by 20%. find the sale price rounded to the nearest dollar. markdown = percent…

7. a $300 suit is marked down by 20%. find the sale price rounded to the nearest dollar. markdown = percent markdown · original price markdown = % · $ markdown = $ original price - markdown = sale price $ - $ sale price = $

7. a $300 suit is marked down by 20%. find the sale price rounded to the nearest dollar. markdown = percent markdown · original price markdown = % · $ markdown = $ original price - markdown = sale price $ - $ sale price = $

Answer

Explanation:

Step1: Identify percent and original price

The percent markdown is 20% and the original price is $300. So, markdown = 20%×$300.

Step2: Calculate the markdown amount

20% can be written as 0.2. So, markdown = 0.2×300 = $60.

Step3: Calculate the sale price

The formula is original price - markdown = sale price. Substitute the values: $300 - $60 = $240.

Answer:

markdown = 20%×$300 markdown = $60 $300 - $60 sale price = $240