The discount calculator is designed to calculate the price after discount based on the original price and discount percentage or amount.
The discount calculator, also known as percent off calculator takes the original price and discount percentage rate and returns the price after the discount and the amount saved. Also, the tool can determine how much percentage of discount you got by entering the discount amount.
Discount is nothing but the reduction in the original price of a good or service. Most commonly, there are two types of discounts used by businesses.
In percent off, there is a fixed percentage discount applied to the original price of the product. Such as 10%, 25%, or $50%. Whereas in a fixed amount, there is a fixed amount of discount applied to an initial price. Such as $50, $99, or $150.
The best way to calculate the discounted price is to use the Discount Calculator. Because it's easy, fast, and accurate. But if you are still interested in knowing the mathematical logic behind the calculation, just keep reading the instructions below.
If the discount is in percentage, we will use the following formula:
Discounted Price = Original Price - (Original Price × Discount / 100)
Now let's take an example:
Suppose the original price is $159 and the discount is 45%. Find the price after the discount.
Place all the values in the discount formula and we get:
Discounted Price = $159 - ($159 × 45/100)
= $159 - $71.55
= $87.45
Your Savings = Original Price - Discounted Price
= $159 - $87.45
= $71.55
So, $87.45 is the final price after the discount and you are saving $71.55.
If you want to calculate the discounted price for the fixed amount off, you can simply subtract the fixed discount price from the original price.
For example, the product cost is $130 and there is a $30 off. So, in this case, just subtract the $30 from $130 and we get $100 as the final price.