Discount Calculator
This discount calculator determines the final price of an item or service after implementing a discount. The discount percentage calculator can also be used reversely to determine the discount percentage and original cost of the products.
What Is The Formula To Calculate Discount?
Discount = List Price - Selling Price
Discount (%)= Discount List Price x 100
Where:
- D = Discount Percentage
- L = List Price
- S = Sale Price
How To Calculate A Discount?
Percent OFF:
- Add all the prices to get the total price
- Convert the discount percentage into decimal
- Multiply the decimal value by the total price to get the saving amount
- Now subtract the saving amount from the total price to get the discounted price
Example:
Imagine you purchased three items priced at $35, $50, and $70, respectively. You got a 20 % price discount on this purchase. Find the price after the discount.
Solution:
Now instead of finding the 20% off 35, 20% off 25, and 20% off 70, we will calculate the total amount which is:
= $35 + $25 + $70 = $130
Convert discount (%) into decimal value:
= 20/100 = 0.2
Discounted Amount = 130 x 0.2 = $26
Price After Discount = 130 - 26 = $104
Fixed Amount OFF:
- Formula: Discounted Price = Original Price - Fixed Amount
- Example: If a $50 item is $10 off, the discounted price is $50 - $10 = $40
Percent Off on 2nd Product/3rd Product:
- Determine the percentage off
- Divide the percentage by the number of products to get the discount on each product
- Convert the price discount of the second product into decimal
- Now take this decimal value and multiply it by the price of the second product to get the savings
2 for 1, 3 for 2, or 4 for 3 Offers:
- List down the products in descending order by price
- Choose the prices of expensive products and pay for them
- The price of the cheapest product is your saving in all cases
Double or Triple Discounts:
- Apply discounts in a reverse sequence
- For example, if a 30% off coupon is followed by a 10% off sale, calculate the 10% discount first, then the 30% discount to the discounted price
- Add both discounted amounts and subtract the sum from the original price
On Multiple Units:
- Multiply the price of each unit by the total number of units to get the original price of all the units
- Subtract the fixed price for multiple units from the original price
To streamline the process of finding discounts and avoid human errors, it is recommended that the online discount calculator with tax be used. It will let you find the final prices of products after applying the discount and sales tax.
FAQ’s:
What Are The Types of Discounts?
There are different types of discounts, including:
- Trade Discount: This type of percentage-off discount is used for accommodating businesses, it's not for the consumers. Typically, it is based on the size of the customer, purchase quantity, and location
- Quantity Discount: This discount is given to the people who purchase a large quantity of the product. It is created to promote the bulk sale of the products
- Cash Discount: A fixed cash discount on the product price offered for a specific time frame
- Seasonal Discount: The discount is entitled for a specific season of the year
- Buy 1, Get 1 Free or (2 for 1, 3 for 2, etc): The customer is entertained with a promotional discount where one item goes free on the purchase of 1, 2, or 3 items. For quick calculations of these discounts, use the 2 for 1 calculator
How To Calculate Percentage Discount?
- Determine the original and discounted price of the product
- Subtract the discounted price from the original price to get the discount rate
- Now divide the discount rate by the original price
- Multiply the result by 100 to get the percentage discount
What Is A Flat Discount?
A flat discount is a straightforward fixed amount reduction in the price, applied to the total cost of the purchase. Calculate your savings on flat discounts by using the percentage discount calculator online.
How Do You Add 20% To A Price?
- Change the percentage to a decimal value as 20/100 = 0.02
- Now multiply this decimal value by the price to get the amount of 20%
- Add this amount to the price of the product
References:
From Wikipedia: Discounts and Allowances.
