Question

A bike was recently marked down $200. 00 from its initial price. If you have a coupon for an additional 30% off after the markdown, how much will the bike cost if it was originally $950. 00?.

Answer 1

Percentage is represented by '%' symbol. The final cost of the bike will be equal to $490.

What is Percentage?

A percentage is a way to describe a part of a whole. such as the fraction 1/4 can be described as 0.25 which is equal to 25%.

Given to us

The initial cost of the bike, P = $950

Additional coupon = 30%

Marked down = $200

We know the original cost of the bike which is $950. therefore, when the price of the bike was marked down, its cost will be,

$900 - $200 = $700

Thus, the marked-down cost of the bike will be $700.

As it is given that we have an additional 30% off after the markdown, therefore, cost of the bike will be 70% of the marked price,

$70\%\ of\ \ 700\\\\ = 0.70 \times 700\\\\= \ 490$

Hence, the final cost of the bike will be equal to $490.

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