Finding Discounts

Finding Discounts: 1. Comparing Prices and Discounts: A discount is a reduction in the price of an item or service. It is expressed as a percentage...

Finding Discounts:

1. Comparing Prices and Discounts:

A discount is a reduction in the price of an item or service.
It is expressed as a percentage of the original price, usually indicated by a symbol like "%" or "%.
When the price of an item is lowered, the discount is also reduced.

2. Percentage Discount:

A percentage discount is calculated by dividing the price of an item by its original price and multiplying the result by 100.
For example, if an item originally costs $10 and is discounted by 20%, the discount amount would be 20/100 *$ 10 = $2.

3. Fixed Discount:

A fixed discount is a set amount that is deducted from the original price, regardless of the amount purchased.
For instance, if an item costs $15 and a fixed discount of$ 5 is offered, the final price would be $10.

4. Percentage Discount with a Minimum Purchase:

Some discounts have a minimum purchase amount to be eligible.
For example, a discount of 10% might only apply to items above $10.

5. Discounted Price Comparison:

When comparing prices with discounts, it's important to consider both the price with the discount and the price with the discount applied.
The lowest price is the one you should compare to, as it represents the ultimate cost.

6. Percent Discount Formula:

To calculate the percent discount, use the formula:

Percent Discount = (Original Price x Discount Percentage) / Original Price

7. Applying Discounts:

Apply discounts to the original price before considering any other taxes or fees.
For example, if an item originally costs $15 and has a 10% discount, the final price would be:

Original Price - Discount = $15 - 10% x$ 15 = $12

Examples:

If an item originally costs $20 and is discounted by 20%, the final price would be$ 16.
If an item costs $30 and has a 10% discount with a minimum purchase of$ 10, the final price would be $25.
When comparing prices with discounts, it's important to consider the final price, not just the discounted price