Discount Calculator
Discount Calculator is a free online tool that helps to compute the percentage discount when the marked price and the selling price are given. Discount refers to the rebate given to customers on the marked price of a product.
What is Discount Calculator?
Discount calculator helps you to calculate the discount offered on the marked price of a product in terms of percentages. Shopkeepers usually offer discounts to customers as a tactic to increase the sale of their goods. To use the discount calculator, enter the values in the input boxes.
Discount Calculator
How to Use Discount Calculator?
Please follow the steps given below to find the percentage discount using the online discount calculator.
- Step 1: Go to Cuemath's online discount calculator.
- Step 2: Enter the marked price and the selling price in the input boxes.
- Step 3: Click on the "Calculate" button to find the discount rate.
- Step 4: Click on the "Reset" button to clear the fields and enter new values.
How Does the Discount Calculator Work?
There are certain terms associated with discounts that users must be familiar with. These are given as follows:
- Marked price - This is also known as the list price. It is the original price of the product as declared by the shopkeeper.
- Selling price - The price at which a product is sold is known as the selling price.
- Discount rate - The amount of money that is reduced from the marked price when expressed as a percentage gives the discount rate.
The steps to calculate the discount rate are as follows:
- Subtracted the selling price from the marked price.
- Divide this value by the marked price.
- Multiply the value obtained in step 2 by 100 to express the discount as a percentage.
The formula for the discount rate is given below:
Discount rate = (Marked price - selling price) / Marked price × 100%
Solved Examples on Discount
Example 1: You are purchasing a watch whose list price is $400 and the selling price is $380. Find the discount rate and verify it using the discount calculator?
Solution:
Discount rate = (Marked price - selling price) / marked price × 100%
= (400 - 380 / 400) × 100%
= 20 / 400 × 100%
= 5%
Therefore, the discount rate = 5%.
Example 2: The marked price of a pair of earrings is $80.3. However, during a sale, the earrings are sold for $75.8. Find the discount rate and verify it using the discount calculator?
Solution:
Discount rate = (Marked price - selling price) / marked price × 100%
= (80.3 - 75.8 / 80.3) × 100%
= 4.5/ 80.3 × 100%
= 5.6%
Therefore, the discount rate = 5.6%
Similarly, you can try the discount calculator to find the discount rate for the following questions
- Tom paid $40 for a T-shirt in a sale, while the price tag was $78. Find discount in percentage?
- You are purchasing a television whose list price is $40.5 and the selling price is $21.2. Find the discount rate?
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