SOLUTION: If the regular price is $83 and the sale price is $78.85 what is the discount rate

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Question 82191: If the regular price is $83 and the sale price is $78.85 what is the discount rate
Found 2 solutions by stanbon, scott8148:
Answer by stanbon(75887) About Me  (Show Source):
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If the regular price is $83 and the sale price is $78.85 what is the discount rate
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1st: Find out the AMOUNT of discount: 83-78.85 = 4.15
2nd: Convert that amount to percent of the regular price: 4.15/83= 0.0488 or 4.88%
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Cheers,
Stan H.

Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
the discount rate is the percentage of the regular price that the discount represents

in this case discount is $83-$78.85 or $4.15 ... the rate is 4.15/83 or 5%