# Original price: $279.99, Markdown 75% What was the new price?

##### 1 Answer

Jan 6, 2017

The new price is $70.00

#### Explanation:

To determine the new price we need to calculate how much the 75% markdown was.

New Price = Old Price - Markdown.

To find they markdown we will be looking for:

What is 75% of $279.99.

"Percent" or "%" means "out of 100" or "per 100", Therefore 75% can be written as

When dealing with percents the word "of" means "times" or "to multiply".

Finally, lets call the markdown we are looking for "m".

Putting this altogether we can write this equation and solve for

Now we can substitute the Original Price and the Markdown to find the New Price.