What is discount rate for list price 1970 and sale price 1929

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 1970 and sale price 1929, let’s first put it in the formula

${\small\%}\; discount = \frac{1970 - 1929}{1970} \times 100$

${\small\%}\; discount = \frac{41}{1970} \times 100$

${\small\%}\; discount = 0.0208 \times 100$

${\small\%}\; discount = 2.08$

The discount rate for products with list price 1970 and sale price 1929 is 2.08%