Skis at a sports store near Snow Summit are on sale for $475. If the original price was $500, what discount rate (percent change) does this represent?

Answer: 5%

Step-by-step explanation:

Hi to answer this question, first we have to calculate the discount amount:

Original price - sale price

500-475 = 25

Now, the original price (500) multiplied by the percent discount in decimal form (x) must be equal to the discount amount (25)

500x = 25

Solving for x

x = 25/500 = 0.05

Multiply it by 100 to express in percentage form.

0.05 x 100 = 5%

Feel free to ask for more if needed or if you did not understand something.