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

Short Answer

Expert verified

(a) The discount is $208.50.

(b) The discount rate is 30%.

Step by step solution

01

Part (a) Step 1. Given data

The actual cost of the freezer$486.50

The cost at which the freezer is bought=$695

02

Part (a) Step 2. Solution of the answer

The discount rate will be

$695-$486.50=$208.5

03

Part (b) Step 1. Calculation

The discount rate will be,

208.5695×100=30%

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