What is discount rate for list price 7286 and sale price 7245

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 7286 and sale price 7245, let’s first put it in the formula

${\small\%}\; discount = \frac{7286 - 7245}{7286} \times 100$

${\small\%}\; discount = \frac{41}{7286} \times 100$

${\small\%}\; discount = 0.0056 \times 100$

${\small\%}\; discount = 0.56$

The discount rate for products with list price 7286 and sale price 7245 is 0.56%