Question

12. A furniture shop sells sofas for $680. If the shop wanted to offer the lower price of $540, what rate
of markdown would it have to offer?​

Answer 1

down in rate = 680-540 = 140%

change = 140*100/680 = 20.58%

Answer 2

Answer:

Original price = Rs. 680

Lowered price = Rs. 540

Difference = 680-540

                  = Rs. 140

Rate of markdown = $\frac{difference}{original }$ x 100

                               = $\frac{140}{680}$ x 100

                               = $\frac{14}{68}$ x 100

                               = $\frac{14}{17}$ x 25

                               = $\frac{350}{17}$

                               ≅ 20.58 %