What is discount rate for list price 3310 and sale price 3269

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 3310 and sale price 3269, let’s first put it in the formula

${\small\%}\; discount = \frac{3310 - 3269}{3310} \times 100$

${\small\%}\; discount = \frac{41}{3310} \times 100$

${\small\%}\; discount = 0.0124 \times 100$

${\small\%}\; discount = 1.24$

The discount rate for products with list price 3310 and sale price 3269 is 1.24%