Answer:
22%
Step-by-step explanation:
The discount rate given on the cost of an item is the ratio of the discount to the old price expressed as a percentage.
The discount is the difference between the old and new price while the new price is known as the discounted price.
the discount = $350 - $273
= $77
The discount rate
= $77/$350
= 0.22
= 22%
