The answer to you question is 2/3 or 67%
We can use algebra.
So, what rate time 1.20 = .80
Let x = the rate (in a decimal form)
1.20x = .80
x = .6666666666
Now, we need to multiply by 100 to get a percentage.
66.66 The price is 66% of the regular price.
They marked it off
33.33%
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