Answer:
12%
Step-by-step explanation:
Given:
- Original list price = $874,990
- New list price = $769,991
Percent change formula
[tex]\sf percent\:change=\left|\dfrac{final\:value-initial\:value}{initial\:value} \right|\times 100[/tex]
Substitute the given values into the formula:
[tex]\begin{aligned}\implies \sf percent\:decrease & = \sf \left|\dfrac{769991-874990}{874990} \right|\times 100\\& = \sf 0.1200002286 \times 100\\& = \sf 12.00002286... \\& = \sf 12\% \end{aligned}[/tex]
Therefore, the Percent of Decrease (markdown) to the nearest percent is 12%.
