An item originally priced at $30 is reduced to $19.95.The off-retail markdown percentage is _____ percent.
A)25
B)34
C)66
D)75

Question

Quizplus · Accepted Answer

To find the off-retail markdown percentage, we can use the following formula:

Markdown percentage = [(original price - sale price) / original price] x 100%

Plugging in the given values, we get:

Markdown percentage = [(30 - 19.95) / 30] x 100%
                   = 33.5%

Rounding to the nearest whole number, we get 34%. Therefore, the correct answer is B.

An Item Originally Priced at $30 Is Reduced to $19