What is discount rate for list price 1981 and sale price 1940

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 1981 and sale price 1940, let’s first put it in the formula

${\small\%}\; discount = \frac{1981 - 1940}{1981} \times 100$

${\small\%}\; discount = \frac{41}{1981} \times 100$

${\small\%}\; discount = 0.0207 \times 100$

${\small\%}\; discount = 2.07$

The discount rate for products with list price 1981 and sale price 1940 is 2.07%