What is discount rate for list price 2488 and sale price 2447

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 2488 and sale price 2447, let’s first put it in the formula

${\small\%}\; discount = \frac{2488 - 2447}{2488} \times 100$

${\small\%}\; discount = \frac{41}{2488} \times 100$

${\small\%}\; discount = 0.0165 \times 100$

${\small\%}\; discount = 1.65$

The discount rate for products with list price 2488 and sale price 2447 is 1.65%