Original price $1489.00; markdown $163.79. Find the reduced price and the rate of the markdown.
· Reduced (new) price = $163.79
· Rate of markdown = 89%
· Reduced (new) price = $1652.79
· Rate of markdown = 11%
· Reduced (new) price = $1325.21
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1489.00 - 163.79 = 1325.21
163.79 divide by 1489 and then multiply by 100 = 11%
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