Robert sells bicycles, skateboards and snowboards at a sporting good store, a bicycle that was originally priced at $785 sold for $553. What percent markdown did Robert offer

To determine the percent markdown, we can use the following formula:

\[
\text{Percent Markdown} = \left( \frac{\text{Original Price} - \text{Sale Price}}{\text{Original Price}} \right) \times 100
\]

Here:
- Original Price = \$785
- Sale Price = \$553

Now, substituting these values into the formula:

\[
\text{Percent Markdown} = \left( \frac{785 - 553}{785} \right) \times 100
\]

Let’s calculate this.

\[
\text{Percent Markdown} = \left( \frac{232}{785} \right) \times 100 \approx 29.55\%
\]

Thus, Robert offered approximately a **29.55% markdown** on the bicycle.

Would you like further details or have any other questions?

Here are 5 related questions:
1. How can we calculate the sale price if the markdown percentage is known?
2. What is the markdown if the sale price is \$600 instead?
3. How does the percent markdown affect the store's profit margins?
4. How do you calculate the percent markup instead of markdown?
5. What is the sale price if Robert offers a 20% markdown on a \$1000 bicycle?

**Tip:** To quickly find percent markdowns or discounts, subtract the sale price from the original price, divide by the original price, and multiply by 100.

Robert sells bicycles, skateboards and snowboards at a sporting goods store. A bicycle that was originally priced at $785 sold for $553. What percent markdown did Robert offer?

Learn how to calculate the percent markdown for a bicycle originally priced at $785 and sold for $553. This detailed solution explains the percentage calculation process, covering essential concepts in discount calculations. Suitable for students in Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation