SOLUTION: plz help me solve this If an item that lists for $49.95 is sold to a member of the distribution chain for $34.97, what is the amount of the discount? What discount rate is being

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Question 1016304: plz help me solve this
If an item that lists for $49.95 is sold to a member of the distribution chain for $34.97, what is the amount of the discount? What discount rate is being applied? (Round the amount and the percentage values to 2 decimal places.)

Amount of discount = $
Discount rate =
%
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
49.95-34.97 = amount of discount
(amount of discount/49.95)*100 = %discount rate
Use your calculator.
J