Question

For a football fundraiser, the booster club sold $8 nahos at the homecoming pep rally. In the last 30 minutes they wanted to sell as many as possible so they lowered the price to $5. What percent markdown were the fans receiving?

Answer 1

Answer:

Percent markdown from 8$ to 5$ is 37.5%

Step-by-step explanation:

Given that the booster club is selling nahos at $8 price and in last 30 minutes to sell as many as possible, they lowered the price to 5$.

Percent mark down= $\frac{decrease in price}{original price} X100$

                                $=\frac{8-5}{8} X100=\frac{3}{8}X100$

                                $=37.5$

Hence percent markdown from 8$ to 5$ is 37.5%