Question

2.13 - discounts and markup
due sunday by 11:59pm points 100 submitting an external tool available sep 8 at 12am - sep 28 at 11:59pm
question
nikki bought a patio set on sale for $480. the original price was $850. what was the rate of discount?
round your answer to the nearest tenth of a percent.
provide your answer below.
%

Explanation:

Step1: Calculate discount amount

The discount amount is the difference between the original price and the sale price. Let the original price be $P_{o}=850$ and the sale price be $P_{s}=480$. The discount amount $D = P_{o}-P_{s}$.
$D=850 - 480=370$

Step2: Calculate discount rate

The discount rate $r$ is calculated by the formula $r=\frac{D}{P_{o}}\times100\%$. Substitute $D = 370$ and $P_{o}=850$ into the formula.
$r=\frac{370}{850}\times100\%=\frac{37000}{850}\% \approx 43.5\%$

Answer:

$43.5$