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What is discount?
Discount is the sale of a product or service at a price that is lower than its normal price. calculator .com/discount- calculator">Discounts are often referred to as promotions, campaigns or special offers. calculator .com/discount-calculator">Discounts allow customers to purchase more products or services for less money. Additionally, discounts can also be used by retail sellers to reduce inventory or to sell seasonal products.
How is discount calculated?
Discount calculation is done when a product or service is sold at a price lower than its normal price. The discount rate is calculated as the percentage of the difference between the normal price and the discounted price. The discount amount is calculated as the difference between the normal price and the discounted price.
The formulas you can use for calculation are:
- Discount rate = (Normal price - Discounted price) / Normal price x 100
- Discount amount = Normal price - Discounted price
If you want to know the discount rate, you can use the first formula, and if you want to know the discount amount, you can use the second formula.