A bike shop reduces the price of a bike for quick sale from $455.00 to $395.00. Compute  the markdown rate in percentage to the nearest 100th

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter22: Introduction To Percents
Section: Chapter Questions
Problem 31A
icon
Related questions
icon
Concept explainers
Topic Video
Question

A bike shop reduces the price of a bike for quick sale from $455.00 to $395.00. Compute  the markdown rate in percentage to the nearest 100th

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL