Markdowns are, to be simple, when the price goes DOWN, so the price would be less than the original rather than more. First, you must calculate what one percent of the original is, which is 1.40. As the markdown is 26 percent, you can do 1.40 x 26 to get how much was marked down, which is $36.40. To find the new price now, you must do the original minus the markdown, or 140 - 36.40 in this case. This gives you $103.6 as the retail price.
