Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
10/82
Discount Rate = 1 – 0.122
Discount Rate = 0.878
0.878 Converted to a Percent: 0.878 = 87.8%
Percentage Discount given an Original Price of $82 and a Sale Price of $10 = 87.8%
Note: Reduction in Price = $82 – $10 = $72
