164k views
5 votes
Ian bought a discounted item for $50, if it was originally $75. What was the discount rate ? round to the nearest percent

1 Answer

5 votes

Answer:

Discount rate=33%

Explanation:

Step 1

Determine the discounted amount as shown;

A=I-F

where;

A=discounted amount

I=initial price/original price

F=final price after discount

In our case;

A=unknown

I=$75

F=$50

replacing;

A=(75-50)=25

The discounted amount=$25

Step 2

Determine the discount rate using the formula;

Discount rate=(discount amount/original amount)×100

Discount rate=(25/75)×100=33.33%

Discount rate=33%

User Serhii Kuzmychov
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories