The markdown percentage of an item with an original retail of $120 and the new retail of $72 is:
A)25%
B)40%
C)60%
D)75%

Name: The markdown percentage of an item with an original retail of $120 and the new retail of $72 is: A)25% B)40% C)60% D)75%
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The markdown percentage is calculated by dividing the difference in price by the original price and then multiplying by 100. Here, the difference is $120 - $72 = $48. So, the markdown percentage is ($48 / $120) * 100 = 40%.

The Markdown Percentage of an Item with an Original Retail