What is discount rate for list price 8974 and sale price 1015

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 8974 and sale price 1015, let’s first put it in the formula

${\small\%}\; discount = \frac{8974 - 1015}{8974} \times 100$

${\small\%}\; discount = \frac{7959}{8974} \times 100$

${\small\%}\; discount = 0.8869 \times 100$

${\small\%}\; discount = 88.69$

The discount rate for products with list price 8974 and sale price 1015 is 88.69%