The markdown rate is 66.7%.
Markdown rate
Using this formula
Markdown rate= Change in price/original price×100
Let plug in the formula
Markdown rate=$1.50-$0.50/$1.50
Markdown rate=$1.00/$1.50×100
Markdown rate=66.66%
Markdown rate=66.7% (Approximately)
Inconclusion the markdown rate is 66.7%.
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