What is discount rate for list price 2215 and sale price 2174

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 2215 and sale price 2174, let’s first put it in the formula

${\small\%}\; discount = \frac{2215 - 2174}{2215} \times 100$

${\small\%}\; discount = \frac{41}{2215} \times 100$

${\small\%}\; discount = 0.0185 \times 100$

${\small\%}\; discount = 1.85$

The discount rate for products with list price 2215 and sale price 2174 is 1.85%