The regular selling price of a mountain bike is $369.27. the markdown rate is 27%. use the percent paid to determine the sale price

Sales Price = $269.59

Explanation:

Given

Regular Selling Price = $369.27

Markdown Rate = 27%

Using the two formukas below, we can calculate the sales price

Sales Price = Regular Price - Markdown (1)

Markdown = Percentage Markdown * Regular Price (2)

The first (1) is used to determine the sales price while the second (2) is to determine the mark down price

First, we need to calculate the markdown.

By substituton in formula (2)

Markdown = Percentage Markdown * Regular Price becomes

Markdown = 27% * $369.27

Markdown = $99.7029

Now, we can calculate the sales price using (1)

Sales Price = Regular Price - Markdown becomes

Sales Price = $369.27 - $99.7029

Sales Price = $269.5871

Sales Price = $269.59 --- Approximate

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