What is discount rate for list price 2202 and sale price 2161

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 2202 and sale price 2161, let’s first put it in the formula

${\small\%}\; discount = \frac{2202 - 2161}{2202} \times 100$

${\small\%}\; discount = \frac{41}{2202} \times 100$

${\small\%}\; discount = 0.0186 \times 100$

${\small\%}\; discount = 1.86$

The discount rate for products with list price 2202 and sale price 2161 is 1.86%