A television set that previously sold for $$ \$ 431.99 $$ has been reduced to $$ \$ 360.00 $$. What is the markdown percent? (Round to the nearest whole percent) Select one: a. $$ 15 \% $$ b. $$ 17 \% $$ c. $$ 10 \% $$ d. $$ 5 \% $$

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UpStudy AI · Accepted Answer

To determine the markdown percentage, you can use the following formula:

$$
\text{Markdown Percent} = \left( \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \right) \times 100\%
$$

Plugging in the values:

$$
\text{Markdown Percent} = \left( \frac{431.99 - 360.00}{431.99} \right) \times 100\% = \left( \frac{71.99}{431.99} \right) \times 100\%
$$

$$
\text{Markdown Percent} \approx 0.1666 \times 100\% = 16.66\%
$$

Rounded to the nearest whole percent, the markdown is **17%**.

**Answer:**  
**b. $$ \mathbf{17 \%} $$**
The markdown percent is 17%.

A television set that previously sold for \( \$ 431.99 \) has been reduced to \( \$ 360.00 \). What is the markdown percent? (Round to the nearest whole percent) Select one: a. \( 15 \% \) b. \( 17 \% \) c. \( 10 \% \) d. \( 5 \% \)

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