What is discount rate for list price 6945 and sale price 6904

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 6945 and sale price 6904, let’s first put it in the formula

${\small\%}\; discount = \frac{6945 - 6904}{6945} \times 100$

${\small\%}\; discount = \frac{41}{6945} \times 100$

${\small\%}\; discount = 0.0059 \times 100$

${\small\%}\; discount = 0.59$

The discount rate for products with list price 6945 and sale price 6904 is 0.59%