Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
10/50
Discount Rate = 1 – 0.2
Discount Rate = 0.8
0.8 Converted to a Percent: 0.8 = 80%
Percentage Discount given an Original Price of $50 and a Sale Price of $10 = 80%
Note: Reduction in Price = $50 – $10 = $40
