alleryStart learning →The discount rate is usually given as a percent and is used to determine the:
AAnnual interest rate
BAmount of the discount
COriginal list price
DWholesale cost paid
Answer & Solution
Correct answer: B. Amount of the discount
1. A sale is described by a rate and by an amount.
2. When you buy an item on sale, the original price has been reduced.
3. The discount rate is usually given as a percent.
4. It is used to determine the amount of the discount.
_Source: OpenStax Prealgebra 2e (CC BY 4.0), Ch 6 'Percents', sections 6.1-6.5_
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