Question

Dotty bought a freezer on sale for \($486.50$. The original price of the freezer was \)$695$. Find (a)the amount of discount and ⓑ the discount rate.

Short answer

(a) The discount is $\$208.50$.

(b) The discount rate is $30\%$.

Step-by-step solution

Part (a) Step 1. Given data

The actual cost of the freezer$\$486.50$

The cost at which the freezer is bought$=\$695$

Part (a) Step 2. Solution of the answer

The discount rate will be

$$\begin{gathered} \$695-\$486.50 \\ =\$208.5 \end{gathered}$$

Part (b) Step 1. Calculation

The discount rate will be,

$$\begin{gathered} \frac{208.5}{695}\times 100 \\ =30\% \end{gathered}$$