Question

Compute the rate of discount allowed on a lawnmower that lists for $168 and is sold for $105. The rate of discount allowed is 43 % (Round to two decimal places as needed.)

Answer 1

The rate of discount of a lawnmower is 37,5%

Explanation:

Sale price formula is

S = p - rp

where S = sale price,

r = discount percentage rate

p = the original price.

Isolating r

r= (p-S)/p

r= ($168- $105)/$168

r=0.375

r= 37,5%