Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
258.40/680
Discount Rate = 1 – 0.38
Discount Rate = 0.62
0.62 Converted to a Percent: 0.62 = 62%
Percentage Discount given an Original Price of $680 and a Sale Price of $258.40 = 62%
Note: Reduction in Price = $680 – $258.40 = $421.60
