Question

Skis at a sports store near Snow Summit are on sale for $476. If the original price was $560, what discount rate does this represent? %

Answer 1

(1-476/560)*100=15%
15% discount rate
Hope that helps.

Answer 2

Here you need to calculate the discount relative to the original price:

   $476 - $560         -$84
  ------------------ = ------------ = -0.15
          $560             $560

Now convert that to a percentage.    -0.15 represents a discount of 15%.