Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
200/226.80
Discount Rate = 1 – 0.8818
Discount Rate = 0.1182
0.1182 Converted to a Percent: 0.1182 = 11.82%
Percentage Discount given an Original Price of $226.80 and a Sale Price of $200 = 11.82%
Note: Reduction in Price = $226.80 – $200 = $26.80