Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
57.80/68
Discount Rate = 1 – 0.85
Discount Rate = 0.15
0.15 Converted to a Percent: 0.15 = 15%
Percentage Discount given an Original Price of $68 and a Sale Price of $57.80 = 15%
Note: Reduction in Price = $68 – $57.80 = $10.20
