Math Problem Statement
Shirts were purchased for $13.50 each and were marked up by $19.75. During Christmas, they were discounted by $7.85 per shirt.
a. What is the rate of markdown?
b. What is the reduced selling price per shirt?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Discount Calculation
Markup and Markdown
Formulas
Selling Price = Purchase Price + Markup
Reduced Selling Price = Selling Price - Markdown
Rate of Markdown = (Markdown / Selling Price) * 100
Theorems
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Suitable Grade Level
Grades 7-9
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