Answer:
Sales price = $62.00
Explanation:
Given the following data;
Original price = $238.45
Markdown = 74% = 74/100 = 0.74
To find the sales price;
First of all, we would calculate the markdown price;
Markdown price = 0.74 * 238.45
Markdown price = $176.45
Next, we calculate the sales price;
Sales price = original price - markdown price
Sales price = 238.45 - 176.45
Sales price = $62.00
Note: a markdown is a discount on the price of a product i.e lowering the sales price in order to boost the sales of a product.
