Handy Percentage Discount Calculator | Percentage Discount Calculation Process & Examples
Created By : Jatin Gogia
Reviewed By : Rajasekhar Valipishetty
Last Updated : May 22, 2023
Are you excited to strike off all your doubts regarding discount rate or discount percentage? Utilize this handy tool called percentage discount calculator and enter the input original price and percent discount. Then hit the calculate discount button to get the result of discount price and discounted price in the output field within a few seconds.
Free Discount Percentage Online Calculator: Fed up with calculating discounts and need a break from the manual process. Here is the best solution to your problem. Just use our free online percentage discount calculator and finish your job in seconds literally. Wanna try it out for once? Follow the instructions on how to use the online tool below and get your job done in seconds. Along with the outcome, you can even learn the calculation process using formulas, detailed steps, and solved examples.
What is Meant by Percentage Discount?
The offered discount price expressed as a percentage defines a discount percentage or discount rate. Calculating the discount percentage mainly depends on the parameters given in the problem. Concerning the given parameters, you can choose the suitable formula from the two main formulas to calculate the percentage discount.
Discount Percentage Formula
Here are the two main percentage discount formulas that can be used to find the discount rate or discount %.
Percentage Discount (%) = (List price - Selling Price)/ List Price × 100
&
Discount Rate (%) = (Discount/List Price) × 100
Percentage Discount Formulas
- Basic discount formula: discounted_price = original_price - (original_price * discount / 100)
- Formula to Find Price before discount: original_price = discounted_price / (1 - discount / 100)
- Discount in percentages formula: discount = 100 * (original_price - discounted_price) / original_price
How To Calculate Percentage Discount by Hand?
The steps that were taken to be careful while calculating the percentage discount manually are as shown below:
- First, identify the parameters given in the question.
- If you have a list price and selling price as inputs then apply the formula of Percentage Discount (%) = (List price - Selling Price)/ List Price × 100.
- In case, you hold the inputs of list price and discount, then calculate the ratio of discount and the list price.
- Later on, take the result and then multiply it by 100.
- Finally, simplify the expression and get the desired result in percentage.
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Illustrated Example on Discount Percentage or Discount Rate Calculation
Example 1:
If the MRP of an item is $50, and there is a 25% discount on it, calculate the price at which the customer buys the item.
Solution:
Given,
25% discount on the MRP = (25/100) × 50
Discount ($) = 1250/100 = 12.5
Hence, Selling Price = MRP - Discount ($) = $50 − $12.5 = $37.5
The price of the item after the discount is $37.5 which the customer can purchase.
How to use the percentage discount calculator?
By following these simple steps, you can easily understand and get used to the discount percentage calculator. They are along the lines
- The initial step is to type the input values.
- Go for the calculate button option.
- Finally, the calculator shows the output of the percentage discount in less time.
FAQs on Free Online Discount Rate Calculator with Steps
1. What are the Types of Discounts?
Discounts are of many types like Quantity Discount, Trade Discount, Promotional DisSeasional discounts, cash discounts, Early payment discounts, Contractual discounts, Order-specific discounts, Free Shipping, and Buy 1, Get 1 Free or (2 for 1) offer discounts available in the market.
2. How do you calculate discount percentages?
Discount percentages can be calculated so easily by using the discount rate or discount percentage formula or by taking the help of the percentage discount calculator online
3. Where can you find the Percentage Discount Calculator online?
You can find the Percentage Discount Calculator on our website @lcmgcf.com for free and easy to access.