volume_mute
DINNING OUT
publish date: 2025/03/18 04:05:30.993710 UTC
volume_muteAn early-bird special at a restaurant offers a 10.99 USD prime kebab dinner for only 7.95 USD if it is ordered before 6 P.M. Find the rate of discount. Round to the nearest one percent.
Answer = %
Correct Answer
(1) 28%
Explanation
To find the rate of discount, use the formula:
$\text{Discount Rate} = \left( \frac{\text{Original Price} - \text{Discounted Price}}{\text{Original Price}}\right)$
Given:
- Original Price = 10.99 USD
- Discounted Price = 7.95 USD
Step 1: Find the discount amount
$10.99 - 7.95 = 3.04$
Step 2: Calculate the discount rate
$\left(\ \frac{3.04}{10.99} \right) \cdot 100 = 27.66\%$
Step 3: Round to the nearest percent
$28\%$
The rate of discount is 28%
Reference
Mathematics for college students