A store owner discounted some chandeliers from $488 to $244. What is the discount percentage?
Write your answer using a percent sign (%).
The discount percentage can be calculated by subtracting the discounted price from the original price, dividing the result by the original price, and then multiplying by 100.
Discount amount = $488 - $244 = $244
Discount percentage = ($244 / $488) * 100 = 50%
Therefore, the discount percentage is 50%.