Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
115.60/340
Discount Rate = 1 – 0.34
Discount Rate = 0.66
0.66 Converted to a Percent: 0.66 = 66%
Percentage Discount given an Original Price of $340 and a Sale Price of $115.60 = 66%
Note: Reduction in Price = $340 – $115.60 = $224.40