Solve the problem. Round to the nearest cent or tenth of a percent.An item sells for $883.00 and is reduced to sell for $467.99. Find the markdown amount and the rate of markdown.

A. Markdown amount = $248.03
Rate of markdown = 53%
B. Markdown amount = $415.01
Rate of markdown = 47%
C. Markdown amount = $219.96
Rate of markdown = 47%
D. Markdown amount = $415.01
Rate of markdown = 53%


Answer: B

Mathematics

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