Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
199/226
Discount Rate = 1 – 0.8805
Discount Rate = 0.1195
0.1195 Converted to a Percent: 0.1195 = 11.95%
Percentage Discount given an Original Price of $226 and a Sale Price of $199 = 11.95%
Note: Reduction in Price = $226 – $199 = $27