The sale price of the bicycle in a store is $350.
What is a word problem?
A word problem is a verbal description of a problem situation. It consists of few sentences describing a 'real-life' scenario where a problem needs to be solved by way of a mathematical calculation.
For the given situation,
The marked price of bicycle = $500
Discount percentage = 30% = 0.30
Now, discount price = 500(0.30)
⇒ $150
The sale price of the bicycle can be found as
Sale price = Marked price - discount price
⇒ Sale price = 500 - 150
⇒ Sale price = $350
Hence we can conclude that the sale price of the bicycle in a store is $350.
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