What is discount rate for list price 8853 and sale price 4574

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,

\%\; Discount = \frac{List\;Price - Sale\;Price}{List\;Price} \times 100

To calculate the discount rate of a product with list price 8853 and sale price 4574, let’s first put it in the formula

${\small\%}\; discount = \frac{8853 - 4574}{8853} \times 100$

${\small\%}\; discount = \frac{4279}{8853} \times 100$

${\small\%}\; discount = 0.4833 \times 100$

${\small\%}\; discount = 48.33$

The discount rate for products with list price 8853 and sale price 4574 is 48.33%

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