calculate the markdown rate.\ntowel\nregular ...
calculate the markdown rate.\ntowel\nregular price $12\nsale price $9\nmarkdown rate = ?%\nround to the nearest percent.
Answer
# Explanation:
## Step1: Find the amount of markdown
Markdown = Regular price - Sale price. So, Markdown = $12 - 9=3$.
## Step2: Calculate the markdown rate
Markdown rate formula is $\text{Markdown Rate}=\frac{\text{Markdown}}{\text{Regular Price}}\times 100\%$. Substitute the values: $\text{Markdown Rate}=\frac{3}{12}\times 100\%$.
$\frac{3}{12}\times 100\% = 0.25\times 100\%=25\%$.
# Answer:
25%