8.8%
1) We can write out an equation to solve that, since we know the prices after and without discount:
1600d=1460 We'll denote "d" for discount
1600d=1460 Divide both sides by 1600
d =1460/1600
d =0.9125 approximately 0.91
0.9125 was the factor.
2) So, subtracting from 1, that 0.9125 we have: 1-0.9125= 0.0875 approximately 0.088 then we can state that the discount was 8.8% rewriting it as a percentage.
Notice that with a 10% discount the discounted price would be $1440