Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
750/852.27
Discount Rate = 1 – 0.88
Discount Rate = 0.12
0.12 Converted to a Percent: 0.12 = 12%
Percentage Discount given an Original Price of $852.27 and a Sale Price of $750 = 12%
Note: Reduction in Price = $852.27 – $750 = $102.27
