Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
34/50
Discount Rate = 1 – 0.68
Discount Rate = 0.32
0.32 Converted to a Percent: 0.32 = 32%
Percentage Discount given an Original Price of $50 and a Sale Price of $34 = 32%
Note: Reduction in Price = $50 – $34 = $16
