What is discount rate for list price 4611 and sale price 4570

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 4611 and sale price 4570, let’s first put it in the formula

${\small\%}\; discount = \frac{4611 - 4570}{4611} \times 100$

${\small\%}\; discount = \frac{41}{4611} \times 100$

${\small\%}\; discount = 0.0089 \times 100$

${\small\%}\; discount = 0.89$

The discount rate for products with list price 4611 and sale price 4570 is 0.89%