What is discount rate for list price 5107 and sale price 5066

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 5107 and sale price 5066, let’s first put it in the formula

${\small\%}\; discount = \frac{5107 - 5066}{5107} \times 100$

${\small\%}\; discount = \frac{41}{5107} \times 100$

${\small\%}\; discount = 0.0080 \times 100$

${\small\%}\; discount = 0.80$

The discount rate for products with list price 5107 and sale price 5066 is 0.80%