What is discount rate for list price 6287 and sale price 6246

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 6287 and sale price 6246, let’s first put it in the formula

${\small\%}\; discount = \frac{6287 - 6246}{6287} \times 100$

${\small\%}\; discount = \frac{41}{6287} \times 100$

${\small\%}\; discount = 0.0065 \times 100$

${\small\%}\; discount = 0.65$

The discount rate for products with list price 6287 and sale price 6246 is 0.65%