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The men's department had sales of $60,000 for December. During the month, the buyer reduced prices of 38 suits from $695 to $445 and that of 20 suits from $550 to $287. What was the markdown percent for the month?A. 24.6%B. 25%C. 26.3%

Respuesta :

First, let's calculate the decrease in each product:

[tex]\begin{gathered} suit\text{ 1}:\\ \\ 695-445=250\\ \\ \\ \\ suit\text{ 2}:\\ \\ 550-287=263 \end{gathered}[/tex]

Now, let's calculate the absolute markdown:

[tex]38\cdot250+20\cdot263=14760[/tex]

Then, dividing this amount by the sales for December, we have:

[tex]\frac{14760}{60000}=0.246=24.6\%[/tex]

Therefore the correct option is A.

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