Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
6/10
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 $10 and a Sale Price of $6 = 40%
Note: Reduction in Price = $10 – $6 = $4
