SOLUTION: Use the discount equation S=R-rR Where S is the sale price, R is the regular price and r is the discount rate. A toy train set with a regular price of $415 is on sale for $16

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Question 912868: Use the discount equation S=R-rR
Where S is the sale price, R is the regular price and r is the discount rate.
A toy train set with a regular price of $415 is on sale for $167. Find the markdown rate. Found to the nearest tenth of a percent.

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
Paid 40%
therefore it was:
marked down 60%

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