QUESTION 11

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%