Discounted Price Formula:
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Definition: This calculator determines the final price after a percentage discount is applied to an original price in GBP.
Purpose: Helps UK shoppers and businesses quickly calculate sale prices and discounts during promotions.
The calculator uses the formula:
Where:
Explanation: The percentage is converted to a decimal (divided by 100) and subtracted from 1 to get the multiplier for the original price.
Details: Accurate discount calculations help consumers compare deals and businesses set profitable sale prices.
Tips: Enter the original price in GBP and the percentage discount (0-100). Both values must be positive numbers.
Q1: How do I calculate percentage off in my head?
A: For 10% off, move decimal one place left. For 20% off, calculate 10% and double it.
Q2: What if the percentage is more than 100%?
A: The calculator limits to 100% maximum (which would make the item free).
Q3: Does this include VAT calculations?
A: No, this calculates the discount before VAT. VAT would be applied to the discounted price.
Q4: Can I use this for price increases?
A: No, this is for discounts only. For increases, you'd add the percentage rather than subtract.
Q5: How accurate are the calculations?
A: Results are accurate to two decimal places (pence) for GBP amounts.