What is discount rate for list price 5021 and sale price 4980

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 5021 and sale price 4980, let’s first put it in the formula

${\small\%}\; discount = \frac{5021 - 4980}{5021} \times 100$

${\small\%}\; discount = \frac{41}{5021} \times 100$

${\small\%}\; discount = 0.0082 \times 100$

${\small\%}\; discount = 0.82$

The discount rate for products with list price 5021 and sale price 4980 is 0.82%