What is discount rate for list price 2694 and sale price 2653

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 2694 and sale price 2653, let’s first put it in the formula

${\small\%}\; discount = \frac{2694 - 2653}{2694} \times 100$

${\small\%}\; discount = \frac{41}{2694} \times 100$

${\small\%}\; discount = 0.0152 \times 100$

${\small\%}\; discount = 1.52$

The discount rate for products with list price 2694 and sale price 2653 is 1.52%