Homework Answers
| CALCULATION OF RATE OF MARKDOWN IN PERCENTAGE | |||
| Markdown % = ( East Store Selling price - West Store Selling Price) / East Store Selling price | |||
| Markdown % = | |||
| East Store Selling price = | $ 2.56 | ||
| Less: West Store Selling price | $ 2.03 | ||
| Equal to | $ 0.53 | ||
| Divide By | "/"By | ||
| East Store Selling price = | $ 2.56 | ||
| Markdown % = | 0.2070 | ||
| Answer = 0.2070 or 20.70% | |||
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