A $35 item that is marked 40 percent off has a final cost of $21. The markdown is calculated on its own before it is subtracted from the original price to determine the final total.
Continue ReadingA percent is equivalent to 0.01. Therefore, 40 percent is equivalent to 0.40. To calculate a certain percent of another number, the percent in decimal form is multiplied by that number. In this case, 0.40 is multiplied by $35. The result is $14, which is the markdown amount. The final cost is computed by subtracting the $14 markdown from the original $35 price. This gives the new total after the markdown is applied, which is, in this case, $21.
Learn more about Fractions & Percentages