Discount Calculator
For a Business Mathematics student, it is common to calculate the discount for various purposes. It is because of assignment completion, professional tasks, and others. Calculating discounts is an easy task when you have simple values and know the process to do so. But it will be difficult when you have difficult values to deal with.
In such a regard, the best way to calculate the discount is using Discount Calculator. This online tool will use your input details and a pre-programmed formula to calculate the discount. The task will not take more than a few seconds while using this maths calculator. Whether you are a student or a professional, this tool can be helpful for you to perform the conversion. Let’s read about it in detail here.
Table of Contents
What is a Discount?
Discount is the deduction or reduction to the original price of the product or service. For example, if you are selling a product at $35 and deduct its price to $30 after 6 months, you are giving a discount of $5.
In general, we can say that if a product or service is sold at a lower price than the original price, it will be termed as a discount given on that product. The price before the discount will always be larger than the price after the discount.
In real life, you have seen multiple stores offer lower prices for their products on special occasions like Christmas, this process is called giving a discount to the customer.
Discount Formula
The formula to calculate the discount is pretty simple. You only need to know the original price and the new price for a particular product. Here is the formula you are going to use for this purpose.
Discount = Original Price - New Price
How to calculate a discount?
The process to calculate Discount using a Discount Calculator or through a manual process is not difficult. You only have to follow the above-written formula for this calculator. Here we have solved an example for the sake of your understanding.
Example 1:
If the original price of a bag is $35 and the new price is $20, how much discount the seller is offering?
Solution:
As we know
Discount = Original Price - New Price
So,
= $35 - $20
Discount = $15
How to use the discount calculator?
If you have bigger values that you think are hard to solve, you can use this tool by Calculator’s Bag. To calculate the Discount, you only need to follow these steps.
- Enter the original price in the first box
- Enter the new price in the second box
- This calculator will automatically show the value of the discount your product has
FAQ | Discount Calculator
How does the discount system work?
The discount system works by subtracting the new price from the original price. It is mainly used in B2B & B2C fields.
What are the 3 types of discounts?
Discount has 3 major types that are mentioned below:
- Trade Discount
- Quantity Discount
- Cash Discount
Mostly, cash discount is used widely all over the globe.
What are the two methods of discount?
The method to calculate the discount varies from type to type. But the simplest way to do so is by subtracting the original price from the original price of a product.
How do I calculate the discount percentage?
To calculate the discount percentage, you have to divide the discount amount by the original amount and then multiply the final answer by 100%. Here is the formula to do
so,
Discount % = (Discount / Original Price) x 100%
