What is discount rate for list price 1297 and sale price 1256

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 1297 and sale price 1256, let’s first put it in the formula

${\small\%}\; discount = \frac{1297 - 1256}{1297} \times 100$

${\small\%}\; discount = \frac{41}{1297} \times 100$

${\small\%}\; discount = 0.0316 \times 100$

${\small\%}\; discount = 3.16$

The discount rate for products with list price 1297 and sale price 1256 is 3.16%