Percentage Discount given an Original Price of $48.50 and a Sale Price of $19.40

Discount Rate = 1 –  
Discount Rate = 1 – 0.4
Discount Rate = 0.6
0.6 Converted to a Percent: 0.6 = 60%
Percentage Discount given an Original Price of $48.50 and a Sale Price of $19.40 = 60%
Note: Reduction in Price = $48.50 – $19.40 = $29.10