Office Market is having a sale on printer paper. If you buy 2 reams for $8.99 each, you will get a third ream free. Calculate the markdown percent. (Round the percent to the nearest tenth.)

See 8:53pm post.

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To calculate the markdown percent, we need to find the difference between the original price and the sale price, and then divide that difference by the original price.

Let's start by finding the original price of two reams of paper. Since each ream costs $8.99, the total cost of two reams would be 2 x $8.99 = $17.98.

The sale is offering a third ream for free, so the total cost for three reams is still $17.98.

Now, let's calculate the markdown amount. The original price for three reams would be 3 x $8.99 = $26.97.

The markdown amount is the difference between the original price and the sale price, which is $26.97 - $17.98 = $8.99.

Finally, let's calculate the markdown percent by dividing the markdown amount by the original price and multiplying by 100.

Markdown percent = ($8.99 / $26.97) x 100 = 0.333 x 100 = 33.3%

Therefore, the markdown percent for this sale is approximately 33.3%.