What is discount rate for list price 7786 and sale price 7745

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 7786 and sale price 7745, let’s first put it in the formula

${\small\%}\; discount = \frac{7786 - 7745}{7786} \times 100$

${\small\%}\; discount = \frac{41}{7786} \times 100$

${\small\%}\; discount = 0.0053 \times 100$

${\small\%}\; discount = 0.53$

The discount rate for products with list price 7786 and sale price 7745 is 0.53%