Answered by AI, Verified by Human Experts

B) Amount of markdown divided by original selling price

C) Sale price divided by amount of markdown

D) Original selling price divided by amount of markdown

E) None of these

Final answer:The markdown percent is calculated by dividing the amount of markdown by the original selling price.Explanation:The correct answer is B) Amount of markdown divided by original selling price.To calculate the markdown percent, divide the amount of markdown by the original selling price. This will give you the percentage reduction in price.For example, if the original selling price of an item is $100 and the amount of markdown is $20, divide $20 by $100 to get 0.2. Multiply this by 100 to convert it to a percentage, which gives you a markdown percent of 20%....

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