Given data
Cost of bike = $240
Discount = 25%
Discount can be defined as the reduction in price.
[tex]\begin{gathered} \text{Discount = 25\% of \$240} \\ \text{Discount = }\frac{25}{100}\text{ x \$240} \\ \\ \text{Discount = }\frac{25\text{ }\times\text{ \$240}}{100} \\ \text{Discount = }\frac{6000}{100} \\ \text{Discount = \$60} \end{gathered}[/tex]S