Calculating Discounted Prices: A Comprehensive Guide

In the fast-paced retail environment, calculating discounted prices is an essential skill for both customers and business owners. Understanding how to apply discount percentages can help you make informed purchasing decisions or set competitive prices for your products. Let's explore the process of calculating discounted prices with several examples.

Trial 1: A 15% Discount on an Item Original Costing $80

Assume a store is offering a 15% discount on an item originally priced at $80. To find the final price after the discount:

Calculate the discount amount: $80 x 15% $80 x 0.15 $12. Subtract the discount from the original price: $80 - $12 $68.

Therefore, the final price of the item after a 15% discount is $68.

Trial 2: A 20% Discount on a Jacket Originally Costing $80

The jacket originally priced at $80 can be discounted by 20%. Here’s how to calculate the sale price:

Calculate the discount amount: $80 x 20% $80 x 0.20 $16. Subtract the discount from the original price: $80 - $16 $64.

In this case, the store would sell the jacket for $64 after applying the 20% discount.

Trial 3: A 15% Discount on Another Item with Additional Discounts

Consider another scenario where an item originally costs $50 and is eligible for an additional 10% discount after a 15% discount is applied:

Calculate the first discount amount: $50 x 15% $50 x 0.15 $7.50. Subtract this discount from the original price: $50 - $7.50 $42.50. Apply the additional 10% discount to the new price: $42.50 x 90% $42.50 x 0.90 $38.25.

The final price after both discounts is $38.25.

Trial 4: A 25% Discount on an Item Worth $80

Another common scenario is a 25% discount on an item worth $80. Here’s the calculation:

Calculate the discount amount: $80 x 25% $80 x 0.25 $20. Subtract this amount from the original price: $80 - $20 $60.

The customer will pay $60 for the item after the 25% discount is applied.

General Formula for Calculating Discounted Prices

To calculate the final price of an item after a discount, you can use the following general formula:

Final Price Original Price - (Original Price x Discount Percentage)

For example, if the discount percentage is 15%, the formula would look like this:

Final Price Original Price - (Original Price x 0.15)

Conclusion

Understanding how to calculate discounted prices is crucial for making informed purchasing decisions and setting competitive prices. By following the steps outlined in this guide, you can easily determine the final price of an item after any specified discount percentage. Whether you are a retailer or a consumer, mastering this skill ensures you get the best deal or price for products you purchase.