Macy's was selling Calvin Klein jean shirts that were originally priced at $46.00 for $8.74 a. What was the amount of the markdown? (Round your answer to the nearest cent.) Amount of markdowm b. Based on the selling price, what is the percent markdown? Percent markdown

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter24: Price-searcher Markets With High Entry Barriers
Section: Chapter Questions
Problem 12CQ
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plz solve both parts within 30-40 mins I'll give upvote
Macy's was selling Calvin Klein jean shirts that were originally priced at $46.00 for $8.74.
a. What was the amount of the markdown? (Round your answer to the nearest cent.)
Amount of markdowm
b. Based on the selling price, what is the percent markdown?
Percent markdown
Transcribed Image Text:Macy's was selling Calvin Klein jean shirts that were originally priced at $46.00 for $8.74. a. What was the amount of the markdown? (Round your answer to the nearest cent.) Amount of markdowm b. Based on the selling price, what is the percent markdown? Percent markdown
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