What is discount rate for list price 4072 and sale price 4031

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 4072 and sale price 4031, let’s first put it in the formula

${\small\%}\; discount = \frac{4072 - 4031}{4072} \times 100$

${\small\%}\; discount = \frac{41}{4072} \times 100$

${\small\%}\; discount = 0.0101 \times 100$

${\small\%}\; discount = 1.01$

The discount rate for products with list price 4072 and sale price 4031 is 1.01%