What is discount rate for list price 3467 and sale price 3426

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 3467 and sale price 3426, let’s first put it in the formula

${\small\%}\; discount = \frac{3467 - 3426}{3467} \times 100$

${\small\%}\; discount = \frac{41}{3467} \times 100$

${\small\%}\; discount = 0.0118 \times 100$

${\small\%}\; discount = 1.18$

The discount rate for products with list price 3467 and sale price 3426 is 1.18%