What is discount rate for list price 4405 and sale price 4364

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 4405 and sale price 4364, let’s first put it in the formula

${\small\%}\; discount = \frac{4405 - 4364}{4405} \times 100$

${\small\%}\; discount = \frac{41}{4405} \times 100$

${\small\%}\; discount = 0.0093 \times 100$

${\small\%}\; discount = 0.93$

The discount rate for products with list price 4405 and sale price 4364 is 0.93%