Answer:
The new price for the bicycle is $373.5
Step-by-step explanation:
We are given that a bicycle cost $450. There is a 17% store discount.
We have to find the new price for the bicycle after applying this discount rate.
So, as we know that because of discount the price of any item decreases which means that the new price of bicycle will be less than $450.
New price of bicycle = Original price - Amount of discount on bicycle
Amount of discount on bicycle = Discount rate [tex]\times[/tex] Original price of bicycle
= 17% [tex]\times[/tex] $450
= [tex]\frac{17}{100} \times 450[/tex] = $76.5
So, New price of bicycle = $450 - $76.5 = $373.5
Therefore, the new price for the bicycle is $373.5.
