What is discount rate for list price 3983 and sale price 3942

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 3983 and sale price 3942, let’s first put it in the formula

${\small\%}\; discount = \frac{3983 - 3942}{3983} \times 100$

${\small\%}\; discount = \frac{41}{3983} \times 100$

${\small\%}\; discount = 0.0103 \times 100$

${\small\%}\; discount = 1.03$

The discount rate for products with list price 3983 and sale price 3942 is 1.03%