Question

Find the missing values.
              
Marked Price
Rate of Discount
Discount
Sale Price
​$700
​$280
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Part 1
Marked Price
Rate of Discount
Discount
Sale Price
​$700
  
enter your response here​%
​$280
​$
  
enter your response here
​(Simplify your answers. Type an integer or a decimal. Round to the nearest dollar if​ needed.)

Answer 1

To find the missing values in the table, we can use the following relationships:

1. **Rate of Discount (R)**:
\[
R = \left(\frac{\text{Discount}}{\text{Marked Price}}\right) \times 100
\]

2. **Sale Price (SP)**:
\[
SP = \text{Marked Price} - \text{Discount}
\]

Given the information:
- Marked Price (MP) = $700
- Discount = $280

### Step 1: Find the Rate of Discount (R)
Using the formula for the Rate of Discount:
\[
R = \left(\frac{280}{700}\right) \times 100
\]
\[
R = 0.4 \times 100 = 40\%
\]

### Step 2: Find the Sale Price (SP)
Using the formula for Sale Price:
\[
SP = 700 - 280 = 420
\]

### Final Results
- **Rate of Discount**: 40%
- **Sale Price**: $420

### Summary Table
- Marked Price: $700
- Rate of Discount: 40%
- Discount: $280
- Sale Price: $420

Feel free to ask if you have any other questions!