How to Calculate Discount Received
Calculating the discount received on a purchase is an essential skill for anyone looking to save money. Whether you’re shopping for groceries, electronics, or clothing, discounts can significantly reduce the cost of your purchases. In this article, we will discuss the steps and formulas to calculate the discount received on your purchases.
Understanding the Discount Percentage
The first step in calculating the discount received is to understand the discount percentage. This percentage represents the amount of the original price that you will save. For example, if an item is on sale for 20% off, you will save 20% of the original price.
Identifying the Original Price
To calculate the discount received, you need to know the original price of the item. This is the price before any discounts or promotions are applied. You can usually find the original price on the item’s tag, the receipt, or the product’s website.
Applying the Discount Percentage
Once you have the discount percentage and the original price, you can apply the discount to calculate the amount you will save. To do this, multiply the original price by the discount percentage. For example, if the original price is $100 and the discount is 20%, you would calculate the discount as follows:
Discount = Original Price x Discount Percentage
Discount = $100 x 0.20
Discount = $20
Calculating the Discounted Price
After calculating the discount amount, you can subtract it from the original price to find the discounted price. This is the price you will pay after the discount is applied. Using the previous example, the discounted price would be:
Discounted Price = Original Price – Discount
Discounted Price = $100 – $20
Discounted Price = $80
Using Discount Calculators
While calculating the discount received manually is straightforward, using a discount calculator can make the process even easier. Many online calculators are available, allowing you to input the original price and discount percentage to quickly find the discount amount and discounted price.
Conclusion
Calculating the discount received is a simple process that can help you save money on your purchases. By understanding the discount percentage, identifying the original price, and applying the discount, you can easily find the amount you will save and the discounted price. Whether you prefer to calculate manually or use a discount calculator, knowing how to calculate the discount received can help you make more informed shopping decisions.
