Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
131.97/219.95
Discount Rate = 1 – 0.6
Discount Rate = 0.4
0.4 Converted to a Percent: 0.4 = 40%
Percentage Discount given an Original Price of $219.95 and a Sale Price of $131.97 = 40%
Note: Reduction in Price = $219.95 – $131.97 = $87.98