What is discount rate for list price 2518 and sale price 2477

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 2518 and sale price 2477, let’s first put it in the formula

${\small\%}\; discount = \frac{2518 - 2477}{2518} \times 100$

${\small\%}\; discount = \frac{41}{2518} \times 100$

${\small\%}\; discount = 0.0163 \times 100$

${\small\%}\; discount = 1.63$

The discount rate for products with list price 2518 and sale price 2477 is 1.63%