Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
36.90/45
Discount Rate = 1 – 0.82
Discount Rate = 0.18
0.18 Converted to a Percent: 0.18 = 18%
Percentage Discount given an Original Price of $45 and a Sale Price of $36.90 = 18%
Note: Reduction in Price = $45 – $36.90 = $8.10
