To calculate the percentage markdown, follow these steps:

1. Find the amount of the markdown: $\text{Markdown Amount} = \text{Original Price} - \text{Sale Price}$ $\text{Markdown Amount} = 34.00 - 27.98 = 6.02$

2. Calculate the markdown percentage: $\text{Markdown Percentage} = \left( \frac{\text{Markdown Amount}}{\text{Original Price}} \right) \times 100$ $\text{Markdown Percentage} = \left( \frac{6.02}{34.00} \right) \times 100 \approx 17.71\%$

Final Answer:

The markdown percentage is 17.71%.

Would you like a detailed explanation or clarification on any step?

Here are 5 related questions to expand your understanding:

1. How do you calculate the markdown percentage for items with multiple discounts?
2. What is the formula to find the sale price when the discount percentage is given?
3. Can markdown percentages vary based on taxes or additional charges?
4. How can markdowns affect profit margins in retail?
5. If an item is marked down multiple times, how do you compute the final percentage markdown?

Tip: Always check the original price before purchasing sale items to calculate the real savings.