What is discount rate for list price 2042 and sale price 2001

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 2042 and sale price 2001, let’s first put it in the formula

${\small\%}\; discount = \frac{2042 - 2001}{2042} \times 100$

${\small\%}\; discount = \frac{41}{2042} \times 100$

${\small\%}\; discount = 0.0201 \times 100$

${\small\%}\; discount = 2.01$

The discount rate for products with list price 2042 and sale price 2001 is 2.01%