In discrete-time controlled system, sampling time is one of the critical parameters for control performance. It is useful to employ different sampling rates into the system considering the feasibility of measuring system or actuating system. The systems with the different sampling rates in their input and output channels are named multirate system. Even though the original continuous-time system is time-invariant, it is realized as time-varying state equation depending on multirate sampling mechanism. By means of the augmentation of the inputs and the outputs over one period, the time-varying system equation can be constructed into the time-invariant equation. The two multirate formulations have some trade-offs in the simplicity to construct the controller, the control performance. It is good issue to determine the suitable formulation in consideration of performance of them. In this paper, the two categories of multirate formulations will be compared in terms of the linear quadratic (LQ) cost function. The results are used to select the multirate formulation and the sampling rates suitable to the desired control performance.