What is discount rate for list price 3236 and sale price 3195

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 3236 and sale price 3195, let’s first put it in the formula

${\small\%}\; discount = \frac{3236 - 3195}{3236} \times 100$

${\small\%}\; discount = \frac{41}{3236} \times 100$

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

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

The discount rate for products with list price 3236 and sale price 3195 is 1.27%