Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
112.41/249.80
Discount Rate = 1 – 0.45
Discount Rate = 0.55
0.55 Converted to a Percent: 0.55 = 55%
Percentage Discount given an Original Price of $249.80 and a Sale Price of $112.41 = 55%
Note: Reduction in Price = $249.80 – $112.41 = $137.39
