A toaster that originally sold for $31.00 was marked down to $28.50. The percent markdown was 38.9%.

Question

Quizplus · Accepted Answer

The given percent markdown of 38.9% is not correct. To calculate the percent markdown, we need to find the difference between the original price and the sale price, which is:
$31.00 - $28.50 = $2.50
Then, we divide this difference by the original price and multiply by 100 to get the percent markdown:
$2.50 ÷ $31.00 x 100% ≈ 8.06%
Therefore, the correct answer is B, as the percent markdown was 8.06% and not 38.9%.

A Toaster That Originally Sold for $31