Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
40.50/45
Discount Rate = 1 – 0.9
Discount Rate = 0.1
0.1 Converted to a Percent: 0.1 = 10%
Percentage Discount given an Original Price of $45 and a Sale Price of $40.50 = 10%
Note: Reduction in Price = $45 – $40.50 = $4.50
