What is discount rate for list price 3861 and sale price 3820

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 3861 and sale price 3820, let’s first put it in the formula

${\small\%}\; discount = \frac{3861 - 3820}{3861} \times 100$

${\small\%}\; discount = \frac{41}{3861} \times 100$

${\small\%}\; discount = 0.0106 \times 100$

${\small\%}\; discount = 1.06$

The discount rate for products with list price 3861 and sale price 3820 is 1.06%