A retailer reduces the price of stereos from $300 to $250 for a special "Back-to-School" sale.Its off-retail markdown percentage equals 17 percent.

Name: A retailer reduces the price of stereos from $300 to $250 for a special "Back-to-School" sale.Its off-retail markdown percentage equals 17 percent.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

The off-retail markdown percentage is calculated as (Original price - Sale price) / Original price * 100. In this case, the off-retail markdown percentage is (300 - 250) / 300 * 100 = 17%.

A Retailer Reduces the Price of Stereos from $300 to $250