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Discount? 45 or 55

English for Specific Purposes (ESP) » Legal English

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Latest post Thu, Aug 23 2007 3:08 AM by Qianlizhixing. 2 replies.
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Qianlizhixing  +  407686 Wed, 22 Aug 07 09:58 AM

The Seller agrees to offer the discount rate at fifty-five [55] percent to the Buyer for further order and retains the same rate for one year from the date of effective for this Contract.

Is now the price 45% or 55% of the original price?

Can somebody give me a hand? Thanks very much!
Qianlizhixing
Joined on Tue, Mar 20 2007
Junior Member 67
He descended from His throne and came to my little cottage.
Feebs11  +  407790 Wed, 22 Aug 07 02:38 PM
The discount is 55% so the price payable is 45% of the full amount.
Feebs11
Joined on Thu, Nov 23 2006
UK
Veteran Member 5,015
Qianlizhixing, 2 yr 94 days ago
Thank you very much!
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