What is discount rate for list price 1986 and sale price 1945

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 1986 and sale price 1945, let’s first put it in the formula

${\small\%}\; discount = \frac{1986 - 1945}{1986} \times 100$

${\small\%}\; discount = \frac{41}{1986} \times 100$

${\small\%}\; discount = 0.0206 \times 100$

${\small\%}\; discount = 2.06$

The discount rate for products with list price 1986 and sale price 1945 is 2.06%