Answer:
15% markdown
Step-by-step explanation:
To find the percent markdown
Take the original price minus the new price
975-828.75
146.25
Divide by the original price
146.25/975
.15
Change to percent form
15% markdown
Answer:
24% probability that both fund A and fund B will rise in price
Step-by-step explanation:
We have these following probabilities:
40% probability that fund A will rise in price.
If fund B rises in price, 60% probability that fund B does.
What is the probability that both fund A and fund B will rise in price
40% of A, and if A rises, 60% is B. Since the only outcome that interests us is both rising in price, we multiply these probabilities

24% probability that both fund A and fund B will rise in price