Discount Calculator
Calculate Discount
What is a discount calculator?
An online solution that allows you to calculate a discount on a product in absolute terms and determine the amount you will save. If you have a coupon for a sale discount, you can find out what the final price will be after accounting for the discount percentage you have. These are just some of the situations in which this calculator will assist you. If you are on the other side of the purchase, that is, if you are a seller, you can find out what your final price will be.
How does it work?
- Enter the initial price
- Add the discount percentage
- Press the calculate button
- The calculator will instantly calculate the amount of savings and the final price
How to calculate the discount and the final price after its deduction?
It's very simple. Follow these steps - Take the initial price of the product (e.g., $20)
Discount in relative terms (e.g., 10%)
100% is the entire price, 50% is half the price, 10% is a tenth of the price.
Accordingly, the discount amount will be – $20 / 10 = $2
To find out the final amount, subtract the discount obtained from the initial price – $20 - $2 = $18
Discount formula
The discount formula is the same as the percentage reduction formula:
reduced price = original price - (original price * discount / 100)
For example, a dress costs $50. It is available with a 10% discount on sale. This means the following:
The calculable amount is 10*50/100 = $5
The amount the customer pays after the discount = original price – Discount Amount = $50 - $5 = $45
Types of discounts
Did you know that when buying a house or car or booking a hotel room you can ask for different types of discounts? Here are some of them:
Corporate
Designed for company employees to spread brand presence and increase sales volumes. If you work for a large company, it's worth checking if your employer has such bonuses in the form of special conditions with partners.
Loyalty discounts
A tool to increase retention rates, it helps to maintain a customer base and increase the frequency of purchases. Most companies offer them to their long-term clients. Some have multi-level loyalty programs based on either years of cooperation or the amount of transactions made.
Seasonal discounts
Before holidays or between seasons, large clothing stores announce discounts of 10%, 20%, 50% or even 90%. Big shoe brands like Adidas, Nike, Asics, Skechers, Fila, and Bata have opened such assortment outlets where you can buy a new pair of favorite sneakers at a favorable price. The same applies to luxury brands like Gucci, Luis Vuitton, Hermes, Prada, Chanel, Ralph Lauren, and Versace, which often offer clothes from old collections at significant discounts.
Volume discounts
A well-known concept in wholesale has found its counterpart in retail. Offering a reduced base price to a buyer if they purchase a batch of goods exceeding a certain quantity is a popular tool to influence the increase of the average bill.