Percentage off Calculator
Percentage off calculator is used to find the final price of an object given the initial price and the percent off. Percent off is used to represent the discount rate of an object. Further, percent off is a special case of the percentage change formula.
What is Percentage off Calculator?
Percentage off Calculator is an online tool that helps in calculating the final price of an object after a discount has been given. Percent off implies that the price of an object has been reduced by a certain percentage. To use the percentage off calculator, enter the values in the input boxes.
Percentage Off Calculator
NOTE: Enter whole numbers only.
How to Use Percentage off Calculator?
Please follow the steps given below to find the final price of an item after discount using the percentage off calculator:
- Step 1: Go to Cuemath's online percentage off calculator.
- Step 2: Enter the initial price and the percentage off in the given input boxes.
- Step 3: Click on the "Calculate" button to find the final price.
- Step 4: Click on the "Reset" button to clear the fields and enter new values.
How Does Percentage off Calculator Work?
A discount or percent off is usually offered by shopkeepers to increase the sale of a particular item. Percent off implies that there has been a percentage decrease from the initial value. The steps to calculate the final price after a percent off are as follows:
- Divide the percent off by 100.
- Multiply this value by the initial price of the item.
- Subtract the value obtained in step 2 from the initial price. This gives us the final price of the item.
The formula for finding the final price given a percent off is as follows:
Final Price = Initial Price - ((Percentage off/100) × Initial price )
Initial Price is the original price of the product as set by the shopkeeper. This is also known as the list price or marked price.
Final Price is the discounted price at which the product is sold. This can also be called the selling price.
Percent off is the percentage of money that has been reduced from the original price.
Solved Examples on Percentage off Calculator
Example 1:
What will be the final price of a PS5 in a store where 20% off is given on every item purchased. The initial price of PS5 is $ 600. Verify the result using the percentage off calculator.
Solution:
Initial Price = $ 600
Percentage off = 20%
Final Price = Initial Price - ((Percentage off/100) × Initial price)
Final Price = 600 - ((20/100) × 600)
Final Price = 600 - 120
Final Price = 480
The final price of the PS5 will be $ 480.
Example 2:
There is an annual sale at a jewelry store where 5.2% is given off on every ornament. What will be the final price of a necklace if the initial price is $ 78.9. Verify the result using the percentage off calculator.
Solution:
Initial Price = $ 78.9
Percentage off = 5.2%
Final Price = Initial Price - ((Percentage off/100) × Initial price )
Final Price = 78.9 - ((5.2/100) × 78.9)
Final Price = 78.9 - 4.1028
Final Price = 74.7
The final price of the necklace will be $ 74.7
Now, try using the percent off calculator to find the final price of the items given below:
- Initial price of a watch = $ 245, Percent off = 15%.
- List price of a table = $ 57.7, Percent off = 25.3%.