Discount Formula:
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A percentage discount is a reduction in price expressed as a percentage of the original price. It's commonly used in retail, e-commerce, and various promotions across India to offer products at reduced prices.
The calculator uses the discount formula:
Where:
Explanation: The formula calculates the final price after applying the percentage discount to the original price.
Details: Accurate discount calculation helps consumers understand actual savings and compare deals effectively. For businesses, it's essential for pricing strategies and profit calculations.
Tips: Enter the original price in INR and the discount percentage (0-100). The calculator will show the discounted price and amount saved.
Q1: How do I calculate 20% off on ₹1000?
A: Discounted Price = ₹1000 × (1 - 20/100) = ₹1000 × 0.8 = ₹800. You save ₹200.
Q2: Can discount percentage be more than 100%?
A: No, a 100% discount means the product is free. Discounts above 100% would imply the seller pays you, which is not practical.
Q3: How is this different from markup calculation?
A: Discount reduces price from original, while markup increases cost price to get selling price.
Q4: Are discounts before or after tax in India?
A: Typically discounts are applied before tax (on MRP), but some promotions may be after tax - always check terms.
Q5: How to calculate reverse discount (find original price)?
A: Original Price = Discounted Price / (1 - Discount Percentage/100)