What is the percentage discount on an item priced at $475 with a discount of $45?

To determine the percentage discount offered on an item, you can use the following formula:

• Percentage Discount = (Discount Amount / Retail Price) × 100

In this case, the item has a retail price of $475 and a discount amount of $45.

Now, let’s plug these values into the formula:

• Discount Amount = $45
• Retail Price = $475

Using the formula:

• Percentage Discount = (45 / 475) × 100
• Percentage Discount = 0.0947368421 × 100
• Percentage Discount = 9.47%

Therefore, the percentage discount offered on the item is approximately 9.47%. It’s a great way to save a bit while shopping!