problem:
Standard price $ 248,- sale discount by 40%
What is the new price?
answer:
1. step: given/wanted
given: the base value = $ 248,- the rate = 60% (100% – 40%)
wanted: part (new price)
2. step formula:
part = base * rate : 100
part = 248 * 60 : 100
part = 148.80 $
The reduced price is 148.80 $.