Discount Calculator
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How to use the tool
- Original Price: Type the tag price, e.g., 59.99 or 250.75.
- Discount %: Enter the percentage cut, e.g., 17.5 or 33.
- Calculate Discount: Press the button to display results.
- Read the output: You see both the money saved and the new checkout price.
Formulas & worked examples
- Discount amount: $$\text{Discount}= \text{Price}\timesrac{\text{Rate}}{100}$$
- Final price: $$\text{Final}= \text{Price}-\text{Discount}$$
Example 1
$59.99 at 17.5 % off:
- Discount: $$59.99\timesrac{17.5}{100}=10.50$$
- Final price: $$59.99-10.50=49.49$$
Example 2
$250.75 at 33 % off:
- Discount: $$250.75\timesrac{33}{100}=82.75$$
- Final price: $$250.75-82.75=168.00$$
Quick-Facts
- Average U.S. retail discount: 12.7 % (NRF Holiday Report 2022, nrf.com).
- Black Friday markdowns average 24 % (WalletHub, 2023 Study).
- Discounts beyond 50 % threaten profits when gross margin is 30 % (McKinsey Retail Insights 2021).
- “Advertised discounts must be based on bona fide former prices” (FTC Deceptive Pricing Guides, ftc.gov).
FAQ
How is percent saved calculated?
You divide the difference between original and sale price by the original price, then multiply by 100 %. Formula: $$rac{P_{\text{orig}}-P_{\text{sale}}}{P_{\text{orig}}}\times100$$ (Investopedia, investopedia.com).
How do two discounts stack?
Apply them sequentially: a second 10 % discount reduces the already-discounted price, not the original (NRF, 2022).
Is a 100 % discount possible?
Retail discounts stop below 100 % because stores must cover costs; rebates can create net savings above list price (FTC, ftc.gov).
Should discounts apply before or after tax?
Apply before tax to lower the taxable base and total payment, a practice endorsed by state revenue agencies (California BOE, ca.gov).
Why does the tool use decimals instead of fractions?
Currency rounds to two decimals under ISO 4217, ensuring card networks process values accurately (ISO 4217 Standard, iso.org).
How does rounding affect totals?
Amounts round to the nearest cent using bankers’ rounding, minimizing cumulative error (GAAP, fasb.org).
Which is better—percent or flat discounts?
Flat cuts favor low-priced items; percentage cuts look larger on high-priced goods (McKinsey, 2021).
What does MSRP mean in ads?
MSRP is the manufacturer’s suggested retail price; discounts compare against it to signal value (Consumer Reports, consumerreports.org).
Important Disclaimer
The calculations, results, and content provided by our tools are not guaranteed to be accurate, complete, or reliable. Users are responsible for verifying and interpreting the results. Our content and tools may contain errors, biases, or inconsistencies. We reserve the right to save inputs and outputs from our tools for the purposes of error debugging, bias identification, and performance improvement. External companies providing AI models used in our tools may also save and process data in accordance with their own policies. By using our tools, you consent to this data collection and processing. We reserve the right to limit the usage of our tools based on current usability factors. By using our tools, you acknowledge that you have read, understood, and agreed to this disclaimer. You accept the inherent risks and limitations associated with the use of our tools and services.
