A $350 suit is marked down by 25%. What is the sale price of the suit after the markdown?

262.50

Step-by-step explanation:

350 x .25 (25 %)=87.50

350-87.50=262.50

or

350x.75=262.50

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;