BlackRainidn
Answered

IDNLearn.com: Your reliable source for finding expert answers. Find in-depth and accurate answers to all your questions from our knowledgeable and dedicated community members.

How do you find a Mark-up or Mark-Down for retail prices? For example;
Original price; $279.99, Mark-down: 75%. And can someone please show how its done? Thanks. :)

Sagot :

Jaimstersidn
You take $279.99 x 75% then subtract what you you get from $279.99. This is is markdowns so for a mark up you add instead of subtracting.
Mark Up: Store pays $40 for shoes and sells to me for $75.calculate the markup in absolute terms 75 – 40 = 35. Narkup rate $40 (x)(40) so markup over the original price is 35 ÷ 40 = x = 0.875. It's a percentage so you need to use the decimal in the correct percentage which is 87.5%

Mark down: Original $425 marked down to $318.75. 425-318.75=106.25   ($106.25) is (some percent) of ($425) so 106.25 = (x)(425) and x = 106.25 ÷ 425 = 0.25. Use decimal to % form which is 25%

Harder than it looks…if you still don't understand let me know.

Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.