Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
6.25/12.50
Discount Rate = 1 – 0.5
Discount Rate = 0.5
0.5 Converted to a Percent: 0.5 = 50%
Percentage Discount given an Original Price of $12.50 and a Sale Price of $6.25 = 50%
Note: Reduction in Price = $12.50 – $6.25 = $6.25