Answer:
$69.00
Step-by-step explanation:
Hi there,
In order to solve this problem, I used this formula:
Dollar Markdown = (markdown %)(original price)
You will end up with Markdown = (0.4) (115).
(Be sure to convert the percentage to a decimal value. (ex. 40% = 0.4))
After multiplying, we find that 46 dollars is 40% of the original price.
For the final step, simply subtract the original price by the amount marked down to get $69.00.
Hope this was useful. Cheers.
