Percentage Discount given an Original Price of $860 and a Sale Price of $550.40

Discount Rate = 1 –  
Sale Price/Original Price

Discount Rate = 1 –  
550.40/860

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 $860 and a Sale Price of $550.40 = 36%
Note: Reduction in Price = $860 – $550.40 = $309.60

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