Final Answer: 
Steps/Reasons/Explanation:
Question: Solve
.
<u>Step 1</u>: Divide both sides by
.

<u>Step 2</u>: Simplify
to
.

~I hope I helped you :)~
The answer is c!!!! hope this helps
Let x = discount rate
Equate:
$80(1-x) = $60
Solve for x:
1-x = 60/80
1-x = 3/4
x = 1 - 3/4
x = 1/4 or 0.25
x = 25%