Percentage Discount given an Original Price of $150,000 and a Sale Price of $80,000

Discount Rate = 1 –  
Discount Rate = 1 – 0.5333
Discount Rate = 0.4667
0.4667 Converted to a Percent: 0.4667 = 46.67%
Percentage Discount given an Original Price of $150,000 and a Sale Price of $80,000 = 46.67%
Note: Reduction in Price = $150,000 – $80,000 = $70,000