What is discount rate for list price 8423 and sale price 8382

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 8423 and sale price 8382, let’s first put it in the formula

${\small\%}\; discount = \frac{8423 - 8382}{8423} \times 100$

${\small\%}\; discount = \frac{41}{8423} \times 100$

${\small\%}\; discount = 0.0049 \times 100$

${\small\%}\; discount = 0.49$

The discount rate for products with list price 8423 and sale price 8382 is 0.49%