SOLUTION: Esteban bought a desk lamp at a sale price of $20.25. The original price of the lamp was $45. What was the discount rate of the lamp?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Esteban bought a desk lamp at a sale price of $20.25. The original price of the lamp was $45. What was the discount rate of the lamp?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1128560: Esteban bought a desk lamp at a sale price of $20.25. The original price of the lamp was $45. What was the discount rate of the lamp?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+45+-+20.25+=+24.75+ was the amount taken
off the original price
+24.75%2F45+=+.55+
The discount rate was 55%
-------------------------------
check:
+45+-+.55%2A45+=+45+-+24.75+
+45+-+.55%2A45+=+20.25+