1. What is the Discount Formula?

The discount formula calculates the final price after applying a percentage reduction to the original price. It's commonly used in retail, sales, and financial calculations.

2. How Does the Calculator Work?

The calculator uses the discount formula:

Where:

• \( Original \) — The original price before discount
• \( \% \) — The discount percentage (0-100)
• \( Discounted \) — The final price after discount

Explanation: The formula converts the percentage to a decimal (by dividing by 100), subtracts this from 1 to get the multiplier, then applies it to the original price.

3. Importance of Discount Calculation

Details: Accurate discount calculations are essential for consumers to understand savings, for businesses to price products competitively, and for financial planning.

4. Using the Calculator

Tips: Enter the original price in dollars and the discount percentage (0-100). The calculator will show the discounted price and amount saved.

5. Frequently Asked Questions (FAQ)

Q1: Can I calculate multiple discounts?
A: For successive discounts, apply each discount one after another to the new price, not all to the original price.

Q2: How do I calculate the original price if I know the discounted price?
A: Use the formula: Original = Discounted / (1 - %/100)

Q3: What's the difference between discount and markup?
A: Discount reduces the price, while markup increases the cost price to determine selling price.

Q4: How do I calculate the discount percentage if I know both prices?
A: Use: % = (1 - Discounted/Original) × 100

Q5: Does this work for any currency?
A: Yes, the formula works for any currency as long as you're consistent with the original price and discounted price units.