Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

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A women's shop sold workout clothes for $45, which are marked down by 60%. What is the new price?

The correct answer is: $18

To find the new price of the workout clothes after a 60% markdown, you first need to calculate the amount of the discount. The original price of the workout clothes is $45. The discount is calculated by multiplying the original price by the markdown percentage: Discount = Original Price × Markdown Percentage Discount = $45 × 0.60 = $27 Next, you subtract the discount from the original price to find the new price: New Price = Original Price - Discount New Price = $45 - $27 = $18 Thus, the new price after the 60% markdown is indeed $18. This calculation illustrates how to apply a percentage discount to an original price, making it clear that when a significant markdown is applied, it can lead to a substantially lower selling price.