Solve the problem. Round to the nearest cent or tenth of a percent.

Reduced price = $22.21; markdown rate = 35%. Find the original price and the markdown amount.

A. Original price = $14.44

Markdown amount = $7.77

B. Original price = $34.17

Markdown amount = $11.96

C. Original price = $10.25

Markdown amount = $11.96

D. Original price = $29.99

Markdown amount = $7.77

QUESTION 12

Solve the problem. Round to the nearest cent or tenth of a percent.

An item sells for $524.00 and is reduced to sell for $440.16. Find the markdown amount and the rate of markdown.

A. Markdown amount = $83.84

Rate of markdown = 16%

B. Markdown amount = $83.84

Rate of markdown = 84%

C. Markdown amount = $70.43

Rate of markdown = 16%

D. Markdown amount = $369.73

Rate of markdown = 84%