Use this calculator to determine the discounted price of an item and your savings based on the initial price and percent off.
Understanding how to calculate percent off is essential for smart shopping and budgeting. This guide will walk you through the process of calculating discounted prices and savings when given a percent off.
The formula to calculate the discounted price and savings is:
$$DiscountAmount = InitialPrice \times (PercentOff \div 100)$$
$$DiscountedPrice = InitialPrice - DiscountAmount$$
Where:
Let's calculate the discounted price and savings for an item with the following details:
$$DiscountAmount = $100 \times (25 \div 100) = $100 \times 0.25 = $25$$
$$DiscountedPrice = $100 - $25 = $75$$
For an item with an initial price of $100 and a 25% discount:
This pie chart illustrates the breakdown of a $100 item with a 25% discount, showing the discounted price and the amount saved.