A laptop that originally cost $1,200 is on sale for $950. Find the discount rate.
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Take the difference to find the discount and then divide that number by 1200 to find the discount rate.
To find the discount rate, we need to calculate the difference between the original price and the sale price, and then determine what percentage that difference represents compared to the original price.
Step 1: Calculate the difference in price:
Original price - Sale price = Discount
$1,200 - $950 = $250
Step 2: Determine the percentage of the discount:
(Discount / Original price) × 100 = Discount rate
($250 / $1,200) × 100 ≈ 20.83%
Therefore, the discount rate for the laptop is approximately 20.83%.
To check the answer, you could also verify the discount rate using a different approach. Divide the discount by the original price and express it as a percentage:
(Discount / Original price) × 100 = Discount rate
($250 / $1,200) × 100 ≈ 20.83%
Both methods give us the same result, confirming that the discount rate is approximately 20.83%.