What is discount rate for list price 4316 and sale price 4275

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 4316 and sale price 4275, let’s first put it in the formula

${\small\%}\; discount = \frac{4316 - 4275}{4316} \times 100$

${\small\%}\; discount = \frac{41}{4316} \times 100$

${\small\%}\; discount = 0.0095 \times 100$

${\small\%}\; discount = 0.95$

The discount rate for products with list price 4316 and sale price 4275 is 0.95%