Stella bought a dinette set on sale for $725. The original price was $1,299. To the nearest tenth of a percent, what was the rate of discount?

Often, goods are sold at a price that is lower than their marked price. The price at which the good is sold is called the selling price and the difference between the marked price and the selling price is the discount.

Discount = Marked Price - Selling Price.

Rate of Discount = Discount/Marked Price * 100%.

How to solve the given question?

In the question, we are given that Stella bought a dinette set on sale for $725. The original price was $1,299.

We are asked to calculate the rate of discount on the dinette set.

The marked price of the dinette set = $1299.

The selling price of the dinette set = $725.

∴ The discount on the dinette set = the marked price of the dinette set - the selling price of the dinette set = $1299 - $725 = $574

∴ The rate of discount on the dinette set = the discount on the dinette set/the marked price of the dinette set *100%

or, The rate of discount on the dinette set = 574/1299 * 100%

or, The rate of discount on the dinette set = 0.4418 * 100%

or, The rate of discount on the dinette set = 44.18% ≈ 44.2% (to the nearest tenth of a percent)

∴ The rate of discount on the dinette set = 44.2%.

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