SOLUTION: A pair of diamond earrings is priced at $325 and is discounted to $150. Find the markdown percentage rate to the nearest whole number.

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Question 118473: A pair of diamond earrings is priced at $325 and is discounted to $150. Find the markdown percentage rate to the nearest whole number.
Answer by stanbon(48535) About Me  (Show Source):
You can put this solution on YOUR website!
A pair of diamond earrings is priced at $325 and is discounted to $150. Find the markdown percentage rate to the nearest whole number.
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Discount quantity = 325-150 = 175
Discount rate = 175/325 =0.5385 = 53.85%
Cheers,
Stan H.