What is discount rate for list price 1349 and sale price 1308

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 1349 and sale price 1308, let’s first put it in the formula

${\small\%}\; discount = \frac{1349 - 1308}{1349} \times 100$

${\small\%}\; discount = \frac{41}{1349} \times 100$

${\small\%}\; discount = 0.0304 \times 100$

${\small\%}\; discount = 3.04$

The discount rate for products with list price 1349 and sale price 1308 is 3.04%