Discount Calculator

Use the percentage discount calculator below to calculate the dollar amount and final price after an x% discount. Please determine what you will pay for it, how much to deduct after the discount, the discount rate, and the odd price. This tool also works for linear (flat) amount markdowns and other kinds of rebates.

 What is a discount

A discount is a reduction in the introductory price of a good or service. It can occur at any stage of production or sale; for example, suppliers might apply a commercial discount to material prices, while retailers may place a bright red tag that says “15% OFF!” on a piece of clothing.

Price discounts are often used to encourage the sale of outdated stock, reward customers, attract attention, or increase short-term profits. However, customers can easily fall into the trap of impulse buying when tempted by a discount. More often than not, we end up losing money instead of saving it by purchasing unnecessary items simply because of the allure of a lower price.

How to calculate discounted price and savings

Have you ever thought about how much a discount is actually worth? Maybe you have three or so deals on the go, a promotional deal with percentage off in your hand and wish to know how much that discount is in dollar terms The easiest method to get the answer is to use a discount calculator. If not, and you would rather do the calculation yourself use the following formula:

Percentage discount calculation

The formula for the final price and savings after percentage discount is as follows:

    Discounted price = Original price – (Original price x Discount(%) / 100).

To find out in dollar amount the amount saved from discount use this formula: Original Price * Discount (%) / 100 To convert a percentage off discount to just using that’s 10% off, you always deivde by 100. 10% discount is therefore 10 / 100 = 0.1.

Now let’s dissect some examples with this formula. If the product, which costs $100, has a 10% discount then savings would be $100 x 10% / 100 or $10. Now for that same $100 product, but a 20% discount vs the savings would be $100 x (20/100) = $20 (in contrast). dome · GitHub.

Final price with fixed amount discount

If a price cut is presented in fixed dollars (pounds/euros) etc. then the math is just the price minus the discount:

Discounted Price = Original Price – Discount

The easiest discounting form, a common type using fixed-sum coupons with the discount equaling savings. So if an item costs $200 and there is a $20 reduction, the discounted value would be computed as $200 – $20, for which is a price of $180.

Complex discounts

The calculations for “2 for 1,” or similar (3 for 2) kind of offers of savings or discount are based on the same principles these earlier calculations for e.g. the final price, savings and discount percentage from offers that are mentioned above. Because it is also useful to know the percentage of the price being reduced in these instances. Hence, our tool is also a discount percentage calculator.

Types of discount offers

We have a number of price-based discounts our calculator accommodates:

• Percentage- discount (e.g., the most common form of sale in which it means 20% off; it is often offered as a coupon or a promotional price). Also known as “percent-off.”
• Fixed Discount—A discount that is set, typically in dollars, pounds, or euros, and will be subtracted from the price but not added to the total.
• The Percentage Off Second Product—It works by reducing the percentage of the least expensive Product or service, but only the second items that you will buy.
• The 3rd Product is a Cut—This works just like the previous discount, which strips a percent off the cheapest Product or service after your second purchase.
• 2 for 1 — You can get two products for the price of what you would have paid for the more expensive one — effectively making it free
• 3 for 2 – Get three items for the cost of the two most expensive ones (the third Product being free).

Recall that more elaborate offers like “2 for 1,” “3 for 2,” or “some percent off the second or third product” are only wise if you were gonna buy those extra items in the first place. If something looks like “free” or heavily marked down, that does not mean that you will save money. In fact, people often feel “cheated” when buying.

 Kinds of discounts

Discounts exist in many forms and commonly come to view during an annual event shift. Many of the well-known clothing retailers announce 50%+ discounts. You can grab some good new shoes from the outlet stores of King brand name shoes like Adidas, Nike Asics, Skechers Filafacts tokens, and Bata. Luxury fashion imprints like Gucci, Louis Vuitton, Hermès Prada Chanel, Ralph Lauren, and Versace are a few examples of items that are offered on sale. Use the coupon calculator to figure out how much you can save on your deal.

Other social groups enjoy discounted pricing with one or more of these characteristics: students, military, senior citizens, and disability clients. Others can get coupons or restricted rebates to help those with actual assistance needs, requiring some proof of their status. But discounts don’t stop there; coupons are another prominent place where you can save. For any type, the calculator can help you find out what the sale price is when any discounts are applied.

Also, many companies offer employees a discount (as an extra special bonus), which can help cut costs significantly.

There are some days of the calendar year when significant discounts are pretty much guaranteed — Black Friday and Cyber Monday are two that come to mind. Deals at physical stores are deep on Black Friday and online from companies like Amazon on Cyber Monday (known for their generous offers). As such, it should come as no surprise that our discount calculator is a frequent tool during these shopping days. You can use our calendar calculator or the day’s calculator if you would like to find out how many days until next Black Friday or Cyber Monday.

In some cases, retailers might give discounts based on the payment methods used. Some stores prefer cash payments (credit/debit) over bank cards to avoid the transaction fee and get the money immediately. Nevertheless, it is banned under specific contracts and against the will of most payment providers. Therefore, most merchants have no option but to show the same price on every single method of payment.

 Example discount calculations

Some of the cases where you would need a percentage discount calculator, and a few scenarios, with regards to discounts being available to you

Here is one for you: You go into a brick-and-mortar store to look at a $300 watch, and it’s on sale for 15% off. You need to know the new price of the Watch.

To calculate the discounted price:

1. Calculate the discount amount:
   Discount = $300 x 15% = $300 x 0.15 = $45
2. Calculate the discount from the original price:
   Discounted price = $300 – $45 = $255

So that discount is 45, and the new sales price of the Watch will be $255.

Suppose you think of a movie theatre that sometimes has Halloween discounts. Advertisement: this year you are going to see in the store — the horror film at a 50% discount for the second ticket bought. You are getting $2 off your first movie ticket here as a student, and regular movie prices at this cinema are $10. Halloween — as a horror moviegoer, your first ticket discount will be 20% off because you can use your student discount for one horror flick.

Get the first ticket at discounted price:

1. Calculate student discount cost:
   Discount = $10 * 20% = $10 * .20 = $2
2. Subtract the prize from original price :
   $8 is the discounted price (first ticket)
   For the second movie there´s a 50% discount because it´s Halloween:
3. Discount amount calculation
   Discount = $10 × 50% = $10 × 0.50 = $5
4. Price after discount: the second one then will be this:
5. Discounted price (second ticket) = $10 – $5 = $5

To be exact, the amount to see both films will be:
Total cost = $8 (first ticket) + $5 (second ticket) = $13.

It is not difficult, but this percentage can quickly be done through an excellent discount calculator.

A Brief History of Price Discounts

In fact, we have only recently introduced discounts. Percent discount calculators like this one were useless for the vast majority of human history, as money is conceptually less than 5000 years old at best. Barter was the trade before money as we know it: if such were one bushel of apples, you stacked hay to trade with. Back when bargain-haggling was the norm for getting a somewhat generous percentage discount, which is still prevalent or even compulsory in some regions of the world.

Fixed prices aside, there’s no room for this notion of a price decrease. It might surprise many that fixed pricing and the tradition of retailing prices openly in a fixed price setting is relatively new in the West. The Quakers were the first to put up price labels across genres of Christianity. Fixed pricing for them was all about decency and resisting the rampant greed that it smelled. This fell into wider favor over time, eventually coming under the law in many developed countries along with consumer laws of discounts.

Industrialization of manufacturing and the desire for transparency and fairness in transactions were key to this development. It was not until after this that discounts had any meaning; discount accounting was born.