What is discount rate for list price 8559 and sale price 8518

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 8559 and sale price 8518, let’s first put it in the formula

${\small\%}\; discount = \frac{8559 - 8518}{8559} \times 100$

${\small\%}\; discount = \frac{41}{8559} \times 100$

${\small\%}\; discount = 0.0048 \times 100$

${\small\%}\; discount = 0.48$

The discount rate for products with list price 8559 and sale price 8518 is 0.48%