Everyone loves a good bargain, and one of the most common ways retailers offer discounts is by reducing the price of an item by a certain percentage. The term “percent off” refers to this kind of price reduction. In this article, we’ll discuss how to calculate percent off using a simple formula that’s easy to understand and apply.

Step 1: Understand the Percent Off concept

Percent off refers to the amount by which the original price of an item is reduced. For example, if a shirt was originally priced at $50 and is now being offered with “30% off,” its new price will be less than $50.

Step 2: Convert the percentage into decimal form

To calculate percent off, you first need to convert the given percentage into decimal form. To do this, divide the percent value by 100. For instance, if you’re given a 30% discount, divide 30 by 100, which equals 0.3.

Step 3: Multiply the original price by the decimal value

Next, multiply the original price of the item by the decimal value determined in step 2. This will give you the discount amount. Using our earlier example of a $50 shirt with a 30% discount:

Original price: $50

Decimal value (30%): 0.3

Discount amount: $50 x 0.3 = $15

You now know that a 30% discount on this shirt equals a reduction in price by $15.

Step 4: Subtract the discount amount from the original price

Finally, subtract the discount amount from the original price to find out how much you’ll pay for the item after applying the percent-off discount:

New price = Original price – Discount amount

New price = $50 – $15

New price = $35

So, after applying a 30% discount, the shirt’s new price is $35.

And there you have it—a simple method for calculating percent off! Remember to follow these four easy steps to determine the discount and final price of an item:

1. Understand the percent off concept

2. Convert the percentage into decimal form

3. Multiply the original price by the decimal value

4. Subtract the discount amount from the original price

By mastering this simple formula, you’ll be well-equipped to make informed decisions while shopping and seeking out bargains!