document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1115986>Question 1115986</A>: <I><SPAN STYLE=\"word-break: break-all;\">  <BR>\n" );
document.write( "A television set costing $950 was marked up by 60% of the selling price. During a sale, the item was reduced to $1,662.50. What was the rate of markdown during the sale? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #730932 by </B><A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><B>ankor@dixie-net.com(22740)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ankor@dixie-net.com><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ankor@dixie-net.com><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=730932\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A television set costing $950 was marked up by 60% of the selling price.<BR>\n" );
document.write( "let x = the selling price<BR>\n" );
document.write( "x = 950 + .6x<BR>\n" );
document.write( "x - .6x = 950<BR>\n" );
document.write( ".4x = 950<BR>\n" );
document.write( "x = 950/.4<BR>\n" );
document.write( "x = $2375 is the selling price<BR>\n" );
document.write( " During a sale, the item was reduced to $1,662.50.<BR>\n" );
document.write( "2375 - 1662.5 = 712.50 amt marked down<BR>\n" );
document.write( " What was the rate of markdown during the sale? <BR>\n" );
document.write( "712.5/2375 * 100 = 30% marked down </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );