Answer: 80%
Step-by-step explanation:
Let's use the rule of 3 here.
We know that the original price or 100% of the price was $300
($300 - 100%)
We want to know what percent of the original price (let that be our x) is the bike selling for now that costs $240.
($240 - x)
Let's do our chart.
[tex]\frac{300}{240}=\frac{100}{x}[/tex]
Solve for x.
[tex]x=\frac{240*100}{300}\\ x=80[/tex]
The bike is selling for 80% of the original price.
