I do not know which formula is being used for this question, please answer step by step thanks! The Hudson Record Store is having a going-out-of-business sale. CDs normally sell for $18.00.During the first week of the sale, all CDs will sell for $15.00.Written as a fraction, what is the rate of discount?What is the rate expressed as a percent?Round your answer to the nearest hundredth of a percent. During the second week of the sale, the same CDs will be on sale for 25% off the original price. What is the price of a CD during the second week of the sale?