Single Discount
Single discount refers to a percentage reduction applied to the original price of an item or service
Single discount refers to a percentage reduction applied to the original price of an item or service. It is a common practice used by businesses to attract customers or to clear out inventory.
To calculate the final price of an item after a single discount, you need to follow these steps:
1. Determine the original price of the item: This is the price of the item before any discounts are applied.
2. Identify the discount percentage: This is the percentage by which the price of the item will be reduced.
3. Calculate the discount amount: Multiply the original price by the discount percentage. This will give you the discount amount.
Discount amount = Original price x (Discount percentage/100)
4. Subtract the discount amount from the original price: Subtract the discount amount from the original price to find the final price.
Final price = Original price – Discount amount
For example, let’s say you want to buy a shirt that originally costs $50, and it is on sale with a 20% discount. To find the final price after the discount:
Original price = $50
Discount percentage = 20%
Discount amount = $50 x (20/100) = $10
Final price = $50 – $10 = $40
Therefore, the final price of the shirt after the 20% discount would be $40.
It’s important to note that a single discount is applied directly to the original price and does not stack with other discounts or promotions. If multiple discounts apply, you need to calculate each discount separately and subtract them one by one from the original price.
More Answers:
How to Calculate Single Equivalent Discount | Method and Importance in Determining Overall DiscountsDetermining the Selling Price | Factors to Consider and Calculation Methods for Businesses
Understanding Multiple Discounts | Calculating the Final Price with Sequential or Simultaneous Discount Application