Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
27,390/33,000
Discount Rate = 1 – 0.83
Discount Rate = 0.17
0.17 Converted to a Percent: 0.17 = 17%
Percentage Discount given an Original Price of $33,000 and a Sale Price of $27,390 = 17%
Note: Reduction in Price = $33,000 – $27,390 = $5,610
