What is discount rate for list price 6744 and sale price 6703

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 6744 and sale price 6703, let’s first put it in the formula

${\small\%}\; discount = \frac{6744 - 6703}{6744} \times 100$

${\small\%}\; discount = \frac{41}{6744} \times 100$

${\small\%}\; discount = 0.0061 \times 100$

${\small\%}\; discount = 0.61$

The discount rate for products with list price 6744 and sale price 6703 is 0.61%