How do I get the retail price for $65.00 with a markdown of 12%
65 - (0.12 * 65) =
To calculate the retail price given a markdown percentage, you can follow these steps:
Step 1: Convert the markdown percentage to a decimal by dividing it by 100. In this case, the markdown is 12%, so the decimal representation is 0.12.
Step 2: Subtract the decimal markdown from 1 to get the decimal representation of the retail price. In this case, 1 - 0.12 = 0.88.
Step 3: Divide the given price by the decimal representation of the retail price to find the actual retail price. In this case, $65.00 / 0.88 ≈ $73.86.
So, the retail price before the markdown was approximately $73.86.