The price of a dress originally costs P 980.00. If the price marked down by
35%, how much was the new price?
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1623=5031623=503, thus 16231623 percent is (503)100=16(503)100=16 (the same ways as 10% is 10/100=0.1).
Say the price of the dress is $x, then the markup is 1/6*x, so we have that x+16∗x=140x+16∗x=140 --> x=120x=120.
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