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Discount Calculator
Discount
The word "discount" can be used to describe a variety of price reductions on goods and services. The two most popular types of discounts are percentage off and fixed amount off discounts. We come across phrases like cost price, tagged price, discount, and selling price when making a purchase. Shop owners give discounts to customers to encourage product sales. Discount is the term used to describe a rebate or an offer made to clients on the listed price of goods.
What does a 20% discount mean?
A product's price is decreased by the percentage indicated by a product's percentage off. For example, 20% off of a product that costs $279 would include deducting 20% of the original price from the original price. For example: 20% of $279 = 0.20 × 279 = $55.80. $279 - $55.80 = $223.20.
Discount Formulas?
Discount = List Price - Selling Price
Discount (%) = (Discount/List Price) × 100
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