How to calculate discount percentage

Mathematics
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how to calculate discount percentage

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How to calculate discount percentage

Answer: To calculate the discount percentage, you can follow these steps:

  1. Determine the Original Price (List Price): This is the initial price of the item before any discounts are applied.

  2. Determine the Discount Amount: This is the amount by which the price is reduced due to the discount.

  3. Calculate the Discount Percentage: Divide the discount amount by the original price and multiply by 100 to get the discount percentage.

The formula for calculating the discount percentage is:

Discount Percentage = (Discount Amount / Original Price) * 100

Let’s go through an example:

Suppose you have an item with an original price of $100 and you purchase it with a $20 discount.

  1. Original Price = $100
  2. Discount Amount = $20
  3. Discount Percentage = (20 / 100) * 100 = 20%

So, in this case, the discount percentage is 20%.

Keep in mind that if you’re given the discounted price and the original price, you can also calculate the discount percentage using this formula:

Discount Percentage = [(Original Price - Discounted Price) / Original Price] * 100

For example, if the original price is $100 and you purchase the item for $80 (after the discount):

Discount Percentage = [(100 - 80) / 100] * 100 = (20 / 100) * 100 = 20%