Question: A clothing store may reduce the regular price of a product because the clothes are damaged, odd sizes, or discontinued items. The discount , or markdown, is the amount by which the store reduces the regular price of a product. The percent discounted is called the discount rate and is usually expressed as a percent of the original selling price. Taking the regular price and subtracting the discount calculates the sale price. The formula \(S=R-rR\) can be used to help find the sale price. The sale price, S , is equal to the regular price, R , minus the discount rate, r , multiplied by the regular price, R

Using the aforementioned information, solve the following problems.

1. A pair of shoes that are currently selling for a price of $89.99 are going to be marked down 20% for the spring sale. Use the sale price formula to find the new
   price of the shoes. Round to the nearest cent.
2. A suit coat that is marked down 35% has a sale price of $292.50. Use the sale price
   formula to find the regular price of the suit coat. Round to the nearest cent.
3. Using the formula \(S=R-rR\), find another formula that represents the discount
   rate. (Hint: Solve for r .)
4. A prom dress with a regular price of $395 is on sale for $280. Find the discount rate;

round to the nearest tenth of a percent.

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document