What is discount rate for list price 2340 and sale price 2299

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 2340 and sale price 2299, let’s first put it in the formula

${\small\%}\; discount = \frac{2340 - 2299}{2340} \times 100$

${\small\%}\; discount = \frac{41}{2340} \times 100$

${\small\%}\; discount = 0.0175 \times 100$

${\small\%}\; discount = 1.75$

The discount rate for products with list price 2340 and sale price 2299 is 1.75%