What is discount rate for list price 1999 and sale price 1958

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 1999 and sale price 1958, let’s first put it in the formula

${\small\%}\; discount = \frac{1999 - 1958}{1999} \times 100$

${\small\%}\; discount = \frac{41}{1999} \times 100$

${\small\%}\; discount = 0.0205 \times 100$

${\small\%}\; discount = 2.05$

The discount rate for products with list price 1999 and sale price 1958 is 2.05%