Find the missing values.

Question

              
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!