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Question

Part 1
Find the missing values.
Marked Price
Rate of Discount
Discount
Sale Price
​$220.00
20​%
Question content area bottom
Part 1
Marked Price
Rate of Discount
Discount
Sale Price
​$220.00
20​%
​$
  
enter your response here
​$
  
enter your response here
​(Simplify your answers. Type an integer or a​ decimal.)

Answer 1

To find the missing values, we can use the following formulas:

1. Discount = Marked Price × Rate of Discount
2. Sale Price = Marked Price - Discount

Given:

• Marked Price = $220.00
• Rate of Discount = 20% (which is 0.20 in decimal form)

Step 1: Calculate the Discount

Using the discount formula: \[ \text{Discount} = \text{Marked Price} \times \text{Rate of Discount} = 220.00 \times 0.20 \] \[ \text{Discount} = 220.00 \times 0.20 = 44.00 \]

Step 2: Calculate the Sale Price

Using the sale price formula: \[ \text{Sale Price} = \text{Marked Price} - \text{Discount} = 220.00 - 44.00 \] \[ \text{Sale Price} = 220.00 - 44.00 = 176.00 \]

Summary of Values

• Discount: $44.00
• Sale Price: $176.00

So, the completed values are:

• Discount: $44.00
• Sale Price: $176.00