Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
51.32/78.95
Discount Rate = 1 – 0.65
Discount Rate = 0.35
0.35 Converted to a Percent: 0.35 = 35%
Percentage Discount given an Original Price of $78.95 and a Sale Price of $51.32 = 35%
Note: Reduction in Price = $78.95 – $51.32 = $27.63
