Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
36/48
Discount Rate = 1 – 0.75
Discount Rate = 0.25
0.25 Converted to a Percent: 0.25 = 25%
Percentage Discount given an Original Price of $48 and a Sale Price of $36 = 25%
Note: Reduction in Price = $48 – $36 = $12
