What is discount rate for list price 2015 and sale price 1974

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 2015 and sale price 1974, let’s first put it in the formula

${\small\%}\; discount = \frac{2015 - 1974}{2015} \times 100$

${\small\%}\; discount = \frac{41}{2015} \times 100$

${\small\%}\; discount = 0.0203 \times 100$

${\small\%}\; discount = 2.03$

The discount rate for products with list price 2015 and sale price 1974 is 2.03%