SOLUTION: Coleman's is having a clearance sale. A lamp with an original selling price of $249 is now selling for $198. Find the percent of the markdown. Round to the nearest hundredth percen

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Question 1018935: Coleman's is having a clearance sale. A lamp with an original selling price of $249 is now selling for $198. Find the percent of the markdown. Round to the nearest hundredth percent.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Coleman's is having a clearance sale. A lamp with an original selling price of $249 is now selling for $198. Find the percent of the markdown. Round to the nearest hundredth percent.
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Quantity decrease:: 249-198 = 51
Percent decrease:: 51/249 = 0.205 = 20.5%
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Cheers,
Stan H.
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