- Complete the following table by fi lling in the markdown amount and percent based on the given original and
marked-down prices.
Item Original Price Marked-Down Price Markdown Amount Markdown PercentA $74.99 $49.99
B $249.95 $239.99
C $8.00 $5.00- Complete the following table by fi lling in the markdown percent based on the given original and marked-down prices.
Item Original Price Marked-Down Price Markdown PercentA $37.99 $27.99
B $11,036 $9,999
C $19.99 $3.99- A home theater system that normally sells for $299.95 is offered on sale for $189.99. Find the percent markdown.
- A women’s sweatshirt that normally sells for $19.95 is put on sale for $12.95. What is the markdown percent?
- A mechanic charges $629.99 for a complete brake job. You have a coupon from the phone book for $50 off any
service over $250. What percent markdown would using this coupon represent?
C. “Prices” That Aren’t Really Prices
- Zarofi re Systems presently employs 1,875 people in its Allegany City headquarters. A story in the local paper quotes
the company’s president as saying that Zarofi re intends to increase its headquarters workforce by 18% next year. How
many new jobs are being created? - A newspaper advertising executive claims that her paper had 175,000 readers every day last year, and the number will
increase by 8% this year. How many daily readers is she claiming for this year? - The Marchand Valley Wind Farm had 315 megawatts of installed electric generation capacity in 2003. By 2007,
installed capacity had grown by 120%. What was the capacity in 2007? - An electronics store sold 18,547 videocassettes last year. This year, it expects sales to decline by 17.5%. How many
does it expect to sell this year? - The property tax rate in Appaloossa Falls was $56.05 per thousand dollars of assessed value in 2005. In his reelection
campaign, the mayor proudly claimed an 8.5% reduction in the property tax rate in 2006. What was the 2006 rate? - Full time enrollment at Devonshire Community College was 4,250 full-time students this year, a 23% increase over
5 years ago. What was the full time enrollment 5 years ago?
340 Chapter 8 Mathematics of Pricing