What is discount rate for list price 9922 and sale price 8922

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 9922 and sale price 8922, let’s first put it in the formula

${\small\%}\; discount = \frac{9922 - 8922}{9922} \times 100$

${\small\%}\; discount = \frac{1000}{9922} \times 100$

${\small\%}\; discount = 0.1008 \times 100$

${\small\%}\; discount = 10.08$

The discount rate for products with list price 9922 and sale price 8922 is 10.08%

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