What is discount rate for list price 1636 and sale price 1595

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 1636 and sale price 1595, let’s first put it in the formula

${\small\%}\; discount = \frac{1636 - 1595}{1636} \times 100$

${\small\%}\; discount = \frac{41}{1636} \times 100$

${\small\%}\; discount = 0.0251 \times 100$

${\small\%}\; discount = 2.51$

The discount rate for products with list price 1636 and sale price 1595 is 2.51%