Answer:
20%
Step-by-step explanation:
We were given a price at $50 on sale for $40. To get the markdown percentage, take the amount of money you've discounted the merchandise at and divide it by the sales price.
$50 sweaters, you can put them on sale for $40.
[tex]50 - 40 = 10[/tex]
The difference between these two prices is $10.
Now, we need to add the amount of which it was marked down
[tex]10 + 10 = 20[/tex]
Therefore, the watch has been marked down by 20%.
