An item is $55 before sale, and bought for 45 percent off the regular price. therefore the sale price of item is $30.25.
Markup is the amount that will be increased in the original price of the considered thing.
Markdown is the amount that will be decreased from the original price of the considered thing.
Think of "up" and "down" as increasing and decreasing prices respectively.
Given that item is $55 before sale, and bought for 45 percent off the regular price.
WE have to do that as; 45% off $55 implies subtract 45% from $55
= 45/100 × 55 = $24.75
therefore the item bought at $55 - $24.75= $30.25.
Hence, the sale price of item is $30.25.
Learn more about markup and markdown here:
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The complete question is
An item is regularly priced at $55. It is on sale for 45% off the regular price. What is the sale price?
