Discount Rate = 1 –
Discount Rate = 1 – Sale Price/Original Price
61.75/95
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 $95 and a Sale Price of $61.75 = 35%
Note: Reduction in Price = $95 – $61.75 = $33.25
