a tv that regularly sells for $425 is marked down to $318.75. what is the discount rate? Im counfused cause i have to make an OCN chart and stuff.

Question

basically, im counfused on where to put all the numbers on the OCN chart (origional, changed, new).

Answer 1

I've never heard of an ocn chart and don't know it you do it with the labels going vertically or horizontally. I'm doing it horizontally.

 

                 original price                            change(discount)             New price(sales price)

 

                     $425                                                                                   318.75

 

So to calculate the amount you saved, just subtract these two number. That means the empty space above should be filled with the discount of $106.25.

 

So the discount rate is the amount of the discount/the original price, in your case

 

106.25/425 which equals .25 which equals 25%

 

Hope this helped.