What is discount rate for list price 4674 and sale price 4633

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 4674 and sale price 4633, let’s first put it in the formula

${\small\%}\; discount = \frac{4674 - 4633}{4674} \times 100$

${\small\%}\; discount = \frac{41}{4674} \times 100$

${\small\%}\; discount = 0.0088 \times 100$

${\small\%}\; discount = 0.88$

The discount rate for products with list price 4674 and sale price 4633 is 0.88%