What is discount rate for list price 7604 and sale price 7563

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 7604 and sale price 7563, let’s first put it in the formula

${\small\%}\; discount = \frac{7604 - 7563}{7604} \times 100$

${\small\%}\; discount = \frac{41}{7604} \times 100$

${\small\%}\; discount = 0.0054 \times 100$

${\small\%}\; discount = 0.54$

The discount rate for products with list price 7604 and sale price 7563 is 0.54%