What is discount rate for list price 8090 and sale price 8049

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 8090 and sale price 8049, let’s first put it in the formula

${\small\%}\; discount = \frac{8090 - 8049}{8090} \times 100$

${\small\%}\; discount = \frac{41}{8090} \times 100$

${\small\%}\; discount = 0.0051 \times 100$

${\small\%}\; discount = 0.51$

The discount rate for products with list price 8090 and sale price 8049 is 0.51%