Percent Off Formula:
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Definition: This calculator determines the percentage discount between an original price and a sale price.
Purpose: It helps shoppers and businesses quickly calculate discounts and compare deals.
The calculator uses the formula:
Where:
Explanation: The difference between original and sale price is divided by the original price, then multiplied by 100 to get a percentage.
Details: Understanding discounts helps consumers make informed purchasing decisions and businesses set competitive prices.
Tips: Enter the original price and sale price in dollars. The sale price must be less than or equal to the original price.
Q1: What does "Percent Off" mean?
A: It represents the discount percentage applied to the original price to get the sale price.
Q2: Can the sale price be higher than original?
A: No, this calculator is for discounts only. For price increases, you'd need a different calculation.
Q3: How do I calculate the final price from percent off?
A: Multiply original price by (100% - discount%) to get the sale price.
Q4: Does this work for multiple discounts?
A: No, this calculates a single discount. For multiple discounts, calculate sequentially.
Q5: How precise are the results?
A: Results are accurate to two decimal places for percentages.