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For a football fundraiser, the booster club sold $8 nahos at the homecoming pep rally. In the last 30 minutes they wanted to sell as many as possible so they lowered the price to $5. What percent markdown were the fans receiving?

Respuesta :

Answer:

Percent markdown from 8$ to 5$ is 37.5%

Step-by-step explanation:

Given that the booster club is selling nahos at $8 price and in last 30 minutes to sell as many as possible, they lowered the price to 5$.

Percent mark down= [tex]\frac{decrease in price}{original price} X100[/tex]

                                [tex]=\frac{8-5}{8} X100=\frac{3}{8}X100[/tex]

                                [tex]=37.5[/tex]

Hence percent markdown from 8$ to 5$ is 37.5%

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