Calculating a percentage discount is a common task used in shopping, sales, and finance. To calculate the final price after applying a percentage discount, follow these steps:
Formula for Calculating Percentage Discount:
Discount Amount = Original Price × (Discount Percentage / 100)
Final Price = Original Price – Discount Amount
- Determine the Original Price:
Let’s say the original price of an item is $100.
- Determine the Discount Percentage:
If the item is on sale for 20% off, the discount percentage is 20.
- Calculate the Discount Amount:
Using the formula mentioned above:
Discount Amount = $100 × (20 / 100) = $20
- Calculate the Final Price:
Subtract the discount amount from the original price:
Final Price = $100 - $20 = $80
In this example, the final price of the item after a 20% discount is $80.
Remember, the same formula can be applied whether you’re dealing with dollars, euros, or any other currency. Just substitute the appropriate currency symbol in the calculations.