What is discount rate for list price 3340 and sale price 3299

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 3340 and sale price 3299, let’s first put it in the formula

${\small\%}\; discount = \frac{3340 - 3299}{3340} \times 100$

${\small\%}\; discount = \frac{41}{3340} \times 100$

${\small\%}\; discount = 0.0123 \times 100$

${\small\%}\; discount = 1.23$

The discount rate for products with list price 3340 and sale price 3299 is 1.23%