Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
59.50/85
Discount Rate = 1 – 0.7
Discount Rate = 0.3
0.3 Converted to a Percent: 0.3 = 30%
Percentage Discount given an Original Price of $85 and a Sale Price of $59.50 = 30%
Note: Reduction in Price = $85 – $59.50 = $25.50
