What is discount rate for list price 1513 and sale price 1472

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 1513 and sale price 1472, let’s first put it in the formula

${\small\%}\; discount = \frac{1513 - 1472}{1513} \times 100$

${\small\%}\; discount = \frac{41}{1513} \times 100$

${\small\%}\; discount = 0.0271 \times 100$

${\small\%}\; discount = 2.71$

The discount rate for products with list price 1513 and sale price 1472 is 2.71%