Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
81.25/125
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 $125 and a Sale Price of $81.25 = 35%
Note: Reduction in Price = $125 – $81.25 = $43.75
