What is discount rate for list price 8976 and sale price 1017

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 8976 and sale price 1017, let’s first put it in the formula

${\small\%}\; discount = \frac{8976 - 1017}{8976} \times 100$

${\small\%}\; discount = \frac{7959}{8976} \times 100$

${\small\%}\; discount = 0.8867 \times 100$

${\small\%}\; discount = 88.67$

The discount rate for products with list price 8976 and sale price 1017 is 88.67%