What is discount rate for list price 8713 and sale price 8672

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 8713 and sale price 8672, let’s first put it in the formula

${\small\%}\; discount = \frac{8713 - 8672}{8713} \times 100$

${\small\%}\; discount = \frac{41}{8713} \times 100$

${\small\%}\; discount = 0.0047 \times 100$

${\small\%}\; discount = 0.47$

The discount rate for products with list price 8713 and sale price 8672 is 0.47%