SOLUTION: A television is marked down from $350 to $308. What is the discount rate?

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Question 107699: A television is marked down from $350 to $308. What is the discount rate?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Discount Rate = (0ld Price-New Price)/Old PriceX100
R=%28350-308%29%2F350%2A100
R=12
The TV has a 12% discount applied to it.