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American Eagle discount word problem a) American Eagle bought jeans from a wholesaler for $21.93 a pair and sold them at a markup of 22%

American Eagle discount word problem

a) American Eagle bought jeans from a wholesaler for $21.93 a pair and sold them at a markup of 22% of the selling price. What was the rate of markup based on the cost?

b) At the end of the summer American Eagle marks down its jeans from a regular price of $96.97 to a sale price of $63.13. Find the rate of markdown.

*Report your answers as a percent to two decimal places with correct units.*

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