The discount rate is 20%.
Step-by-step explanation:
Given,
Original price of lawnmower = $300
Sale price of lawnmower = $240
Amount of discount = Original - Sale = 300 - 240 = $60
Rate of discount = [tex]\frac{Amount\ of\ discount}{Original\ price}*100[/tex]
Rate of discount = [tex]\frac{60}{300}*100[/tex]
Rate of discount = [tex]\frac{6000}{300}[/tex]
Rate of discount = 20%
The discount rate is 20%.
Keywords: percentage, subtraction
Learn more about percentage at:
#LearnwithBrainly
