Math Problem Statement
A computer store buys a computer system at a cost of $463.20. The selling price was first at $772, but then the store advertised a 40% markdown on the system. Answer parts a and b. Find the current sale price.
Solution
The problem asks to calculate the current sale price of a computer system after a 40% markdown.
Given information:
- Original selling price = $772
- Markdown percentage = 40%
To find the sale price after the markdown:
-
A markdown of 40% means the new price will be 60% of the original selling price, as:
-
Calculate the sale price:
So, the current sale price is $463.20.
Would you like more details on the markdown calculation, or help with the next part of the problem?
Related Questions:
- What is the formula for calculating markdowns?
- How does a markdown percentage affect the final price?
- What would the sale price be if the markdown was 30% instead of 40%?
- If the original cost to the store was $463.20, what would be the profit margin before and after the markdown?
- How can percentage changes (markups or markdowns) be calculated in different business contexts?
Tip:
When dealing with markdowns, always subtract the markdown percentage from 100% to find the portion of the price that remains after the discount.
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Math Problem Analysis
Mathematical Concepts
Percentages
Markdowns
Basic Arithmetic
Formulas
Sale Price = Original Price × (1 - Markdown Percentage)
Theorems
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Suitable Grade Level
Grades 6-8