MATH(markup and markdown )

3.THE markdown percent for a camera is 20%.if the new retail price is RM250, find the old retail price.

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asked by FIZZ
  1. Multiply:

    250*1.2 = ??

    (RM250 x 120%)

  2. rm250/100x120 ?

    is that true my formula?

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    posted by FIZZ
  3. old price --- x

    .8x = 250
    x = 250/.8 = 312.50

    check:
    markdown on 312.50 = .2(312.50) = 62.50
    new price = 312.50 - 62.50 = 250

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    posted by Reiny
  4. how get .8 ?100-20=80 then divided by 100 = .8 ?

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    posted by FIZZ
  5. I respectfully disagree, the answers are not the same

    If I take a take a 20% markdown on your $300
    I get $60, which would leave a new price of $240, not $250

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    posted by Reiny
  6. 80%/100% * 250 = 312.5

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