Are you looking to brush up on your math skills or are you just looking to maximize your shopping experience? Having a good understanding of percentages, particularly when it comes to discounting, is essential. Let’s take a closer look at How to Calculate Discounts Using Percentages with a Simple Example: What Is 65% off 701?
What is a discount? A discount is a price reduction, expressed as a percentage. The formula to calculate a discount is:
For the sake of simplicity, we are going to use the following values for our example:
Let's now enter these numbers into our formula:
A 65% reduction from 701 would therefore be 245.35. This implies that after the discount, you would spend 245.35 for an item that originally cost 701.
Not only can you make better shopping judgments when you know how to calculate discounts and understand percentages, but you can also get better at math overall. To get better at using these formulas, practice applying them to different situations. Cheers to your calculations!