The markdown price for a mountain bike is $584.35
Markdown price is the discount offered by the shopkeepers to the customers to increase the sales rate.
M.P = S.P (1-r/100)
The following expression can be used every time we have to find the markdown price.
Substitute Selling price S.P =$899 and the percent r =35/100 =0.35, we get
M.P = $899(1-0.35)
M.P =$584.35
Thus, the markdown price is $584.35
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