Markdown!!!

Markdown is a decrease in the selling price...


MD=markdown


OP=old retail price


NP=new retail price


%MD=(MD/OP)x100%


Example:


Due to Deepavali promotion,the markdown percent of a handbag is 20%.If the new


retail price is RM250,find the old retail price.


Solution:


Let the old price be RMx.From the formula,we get


20%=(x-250)/x


0.2x=x-250


-0.8x=-250


x=(-250)/(-0.8)


x=RM312.50

After look at the example that I provide,did u know why the prices are sometimes
marked down?? The reasons are:

• to encourages purchases in bulk
• to dispose off old stock
• to face stiff competition