What is discount rate for list price 8281 and sale price 8240

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 8281 and sale price 8240, let’s first put it in the formula

${\small\%}\; discount = \frac{8281 - 8240}{8281} \times 100$

${\small\%}\; discount = \frac{41}{8281} \times 100$

${\small\%}\; discount = 0.0050 \times 100$

${\small\%}\; discount = 0.50$

The discount rate for products with list price 8281 and sale price 8240 is 0.50%