What is discount rate for list price 1106 and sale price 1065

The discount rate is used to calculate the discount offered on the list price of a product. It is calculated in terms of percentage

The following is the formula for calculating the discount rate,

To calculate the discount rate of a product with list price 1106 and sale price 1065, let’s first put it in the formula

${\small\%}\; discount = \frac{1106 - 1065}{1106} \times 100$

${\small\%}\; discount = \frac{41}{1106} \times 100$

${\small\%}\; discount = 0.0371 \times 100$

${\small\%}\; discount = 3.71$

The discount rate for products with list price 1106 and sale price 1065 is 3.71%