Answer:
Percentage discount offered is 9.47%
Step-by-step explanation:
We are given that,
Retail price of the item = $475
Discount on the item = $45
It is required to find the percentage of discount offered on the item.
So, we have that,
Percentage of discount offered = ![\frac{Discount}{Retail}\times 100](https://tex.z-dn.net/?f=%5Cfrac%7BDiscount%7D%7BRetail%7D%5Ctimes%20100)
i.e. Percentage of discount offered = ![\frac{45}{475}\times 100](https://tex.z-dn.net/?f=%5Cfrac%7B45%7D%7B475%7D%5Ctimes%20100)
i.e. Percentage of discount offered = ![0.0947\times 100](https://tex.z-dn.net/?f=0.0947%5Ctimes%20100)
i.e. Percentage of discount offered = 9.47%
Hence, the percentage discount offered is 9.47%.