Discount Amount
The discount amount is the reduction in price that is given when a discount is applied to a product or service
The discount amount is the reduction in price that is given when a discount is applied to a product or service. It represents the difference between the original price of the item and the discounted price.
To calculate the discount amount, you can use the following formula:
Discount amount = Original price – Discounted price
For example, if a shirt is originally priced at $50 and a 20% discount is applied, the discounted price would be:
Discounted price = Original price – (Original price * Discount percentage)
= $50 – ($50 * 0.20)
= $50 – $10
= $40
Therefore, the discount amount in this case would be:
Discount amount = Original price – Discounted price
= $50 – $40
= $10
So, the discount amount is $10 for this example. It represents the reduction in price that the customer receives by applying a 20% discount to the original price of the shirt.
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