The markdown will be $21.60. so the final price after the markdown is $68.40.
Answer:
b. Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100%
Step-by-step explanation:
A percentage change can be computed from ...
((new amount) -(old amount))/(old amount) × 100%
This best matches the description of choice B.
_____
<em>Comment on the answer</em>
The formula offered in the question will show the "percent change" from 100 to 103 as 3. It is not 3; rather, it is 3%. The final multiplication must be by 100% in order to arrive at the proper number.
