What is discount rate for list price 8969 and sale price 1010

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 8969 and sale price 1010, let’s first put it in the formula

${\small\%}\; discount = \frac{8969 - 1010}{8969} \times 100$

${\small\%}\; discount = \frac{7959}{8969} \times 100$

${\small\%}\; discount = 0.8874 \times 100$

${\small\%}\; discount = 88.74$

The discount rate for products with list price 8969 and sale price 1010 is 88.74%