Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
7,800/12,000
Discount Rate = 1 – 0.65
Discount Rate = 0.35
0.35 Converted to a Percent: 0.35 = 35%
Percentage Discount given an Original Price of $12,000 and a Sale Price of $7,800 = 35%
Note: Reduction in Price = $12,000 – $7,800 = $4,200
