The original price of a bicycle was $375. now it is on sale for $295. what percentage of the original price was the markdown?

The percentage of the original price that was discounted is 21.33%

Step-by-step explanation:

The original price of a bicycle was $375. Now it is on sale for $295.

The discounted price of a product is calculated as the percentage of discount that you want to apply multiplied by the price of the product. This is the amount of money that is discounted. But to calculate the sale price, the original price of the product must be subtracted minus the discounted quantity.

So, this expressed in this case is:

375-x*375=295

The value of x is the discount that you want to calculate expressed in decimal number. This result will then be multiplied by 100 to obtain the discount expressed as a percentage.

Isolating the value of x you get:

-x*375=295-375

-x*375=-80

x=(-80)÷(-375)

x=0.2133

As a percentage, it is 0.2133*100= 21.33%

The percentage of the original price that was discounted is 21.33%

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step-by-step explanation: