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Percentage Off Formula:
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Percentage off calculation is a mathematical method used to determine the discounted price of an item when a certain percentage is deducted from the original price. It's commonly used in retail, sales, and financial calculations.
The calculator uses the percentage off formula:
Where:
Explanation: The formula calculates the discount amount by converting the percentage to a decimal and subtracting it from 1, then multiplies by the original price.
Details: Accurate discount calculation is essential for consumers to understand actual savings, for retailers to set competitive prices, and for financial planning in business operations.
Tips: Enter the original price in USD and the percentage off value (0-100%). Both values must be positive numbers with percentage off not exceeding 100%.
Q1: What's the difference between percentage off and fixed amount off?
A: Percentage off calculates discount as a percentage of the original price, while fixed amount off subtracts a specific dollar amount regardless of the original price.
Q2: How do I calculate the percentage off if I know both prices?
A: Percentage Off = [(Original Price - Discounted Price) / Original Price] × 100%
Q3: Can the percentage off be more than 100%?
A: No, percentage off cannot exceed 100% as that would imply the item is free plus you receive additional money, which is not practical in normal retail scenarios.
Q4: How do multiple discounts work?
A: Multiple discounts are applied sequentially, not added together. For example, 20% off then 10% off is not 30% off the original price.
Q5: Does this calculator work for currency conversions?
A: This calculator works with any currency as long as you maintain consistency, but the results will be displayed in the currency unit you input.