What is discount rate for list price 3220 and sale price 3179

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 3220 and sale price 3179, let’s first put it in the formula

${\small\%}\; discount = \frac{3220 - 3179}{3220} \times 100$

${\small\%}\; discount = \frac{41}{3220} \times 100$

${\small\%}\; discount = 0.0127 \times 100$

${\small\%}\; discount = 1.27$

The discount rate for products with list price 3220 and sale price 3179 is 1.27%