Reduced price = $22.21; markdown rate = 35%. Find the original price and the markdown amount.
A) Original price = $14.44
Markdown amount = $7.77
B) Original price = $34.17
Markdown amount = $11.96

Question

Reduced price = $22.21; markdown rate = 35%. Find the original price and the markdown amount.
A) Original price = $14.44 
Markdown amount = $7.77
B) Original price = $34.17 
Markdown amount = $11.96

Quizplus · Accepted Answer

To find the original price, we use the formula:

Original price = Reduced price / (1 - markdown rate)

Plugging in the given values:

Original price = $22.21 / (1 - 0.35) = $34.17

To find the markdown amount, we can subtract the reduced price from the original price:

Markdown amount = Original price - Reduced price = $34.17 - $22.21 = $11.96

Therefore, choice B is the correct answer.

Reduced Price = $22