Price decreased from 400 to 299.95
We can say,
Old Price = 400
New Price = 299.95
We can use the following formula to find the percentage change (in this case, markdown):
[tex]p=\frac{\text{New}-\text{Old}}{\text{Old}}\times100[/tex]Where
p is the percentage change
New is the New Price
Old is the Old Price
Let's substitute the information we know and find out the answer. Shown below:
[tex]\begin{gathered} p=\frac{\text{New}-\text{Old}}{\text{Old}}\times100 \\ p=\frac{299.95-400}{400}\times100 \\ p=-25.0125 \end{gathered}[/tex]Rounding our answer to 2 decimal places, we can say that the customers are offered 25.01% markdown on the price of sports shirt.
Answer
