1.

Selling price=$850; reduced (New) price=$600. Find the markdown amount and the rate of markdown.

a. The markdown amount is $???

b. The rate of markdown is ???%.

(Type an integer or decimal rounded to the nearest tenth as needed.)

2.

An item is originally priced to sell for $70 and is marked down 20%. A customer has a coupon for an additional 5%.

What is the total percent reduction and the final selling price?

a. The total percent reduction is ???%.

b. The final selling price is $???