Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
496/775
Discount Rate = 1 – 0.64
Discount Rate = 0.36
0.36 Converted to a Percent: 0.36 = 36%
Percentage Discount given an Original Price of $775 and a Sale Price of $496 = 36%
Note: Reduction in Price = $775 – $496 = $279
