Calculation: A Discount Calculator is a useful tool that allows you to easily calculate the discounted price of an item based on a given discount percentage. It is often used in retail, sales, and financial planning to determine how much money can be saved with a discount.
Discount Calculator what does it do?
A Discount Calculator is used to calculate the discounted price of a product or service based on a specified discount rate.
Discount Calculator formula
The basic formula used to calculate the discounted price is as follows:
Discounted Price = Original Price - (Original Price × Discount Rate)
In this formula, the “Original Price” is the initial price of the product, and the “Discount Rate” is the discount percentage given. To find the discounted price, you multiply the original price by the discount rate and subtract that amount from the original price.
Discount Calculator example
Example 1: Calculating the Discounted Price of a Product
A t-shirt has an original price of 100 USD, and a 25% discount is applied. To calculate the discounted price:
Step 1: Determine the original price and discount rate.
- Original Price = 100 USD
- Discount Rate = 25% (0.25 as a decimal)
Step 2: Calculate the discount amount.
- Discount = 100 USD× 0.25 = 25 USD
Step 3: Calculate the discounted price.
- Discounted Price = 100 USD – 25 USD = 75 USD
Result: The discounted price will be 75 USD.
Example 2: A Higher Discount Rate
A phone has an original price of 1500 USD, and a 40% discount is applied. To calculate the discounted price:
Step 1: Determine the original price and discount rate.
- Original Price = 1500 USD
- Discount Rate = 40% (0.40 as a decimal)
Step 2: Calculate the discount amount.
- Discount = 1500 USD × 0.40 = 600 USD
Step 3: Calculate the discounted price.
- Discounted Price = 1500 USD – 600 USD= 900 USD
Result: The discounted price will be 900 USD.
The Discount Calculator allows you to quickly and accurately calculate discounted prices when shopping or planning your budget.