Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
434/620
Discount Rate = 1 – 0.7
Discount Rate = 0.3
0.3 Converted to a Percent: 0.3 = 30%
Percentage Discount given an Original Price of $620 and a Sale Price of $434 = 30%
Note: Reduction in Price = $620 – $434 = $186
