the price of a dress originally costs ₱980.00 if the price marked down by 35% how much was the new price

**Answer:**

The new price of the dress after the discount rate is *Php 637.00*.

**Step-by-step explanation:**

This problem can be treated as solving the discount amount. Some of the establishments offer discount prices because of seasons, an anniversary celebration, and the like. There is another term that we called increased prices. Increased prices happen when there is an increase in demand for the product.

### Steps in Solving Discount Prices

- Multiply the rate of discount by the original price.
- Subtract the product from the original price.
- The result is the new price.

Or you may use this formula to solve for the discount price, [tex]P_{MD}=C(1-r)[/tex], where [tex]P_{MD}[/tex] is the discount price or the new price, [tex]C[/tex] is the original cost, and [tex]r[/tex] is the rate of interest.

### Doing the Steps in Solving Discount Prices

- [tex]980 \times 0.35 = 343[/tex]
- [tex]980 – 343 = 637[/tex]
- The new price is
.**Php 637.00**

### Using the formula to Solve Discount Prices

1. Substitute the values of [tex]C=980[/tex] and [tex]r=35\% = 0.35[/tex] into the formula.

[tex]P_{MD}=980(1-0.35)[/tex]

2. Distribute 980 to the terms inside the parenthesis, then simplify the right side of the equation.

[tex]\begin{aligned}P_{MD}&=980(1-0.35)\\P_{MD}&=980-980(0.35)\\P_{MD}&=980-343\\P_{MD}&=\boxed{637}\end{aligned}[/tex]

3. Thus, the new price is *Php 637.00*.

To learn more about discounts, go to;

- Discounts:
**https://brainly.ph/question/6718233**

- Marked-up cost:
**https://brainly.ph/question/300320** - Marked-down cost:
**https://brainly.ph/question/2296161**

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