As an avid shopper, it’s always exciting to see discounts on your favorite products. We might sometimes be unsure about how much we’re saving, though. That’s where knowing how to calculate discounted prices comes in handy. This article will walk you through the process of calculating discount prices, so you can be confident about the deals you’re taking advantage of.

Step 1: Understand Basic Terminology

Before diving into calculations, it’s essential to familiarize yourself with these terms:

– Original Price (OP): The original price of the product without a discount.

– Discount Percentage (DP): The percentage of the original price that is being reduced.

– Discount Amount (DA): The actual amount being deducted from the original price.

– Sale Price (SP): The final price after applying the discount.

Step 2: Calculate the Discount Amount

To find the discount amount, we’ll multiply the original price by the discount percentage. Use this formula:

DA = OP × (DP / 100)

For example, if you have an item with an original price of $100 and a discount percentage of 20%, you’d calculate:

DA = $100 × (20 / 100) = $20

Step 3: Determine the Sale Price

After finding the discount amount, subtract it from the original price to obtain the sale price. Use this formula:

SP = OP – DA

In our previous example, you’d calculate:

SP = $100 – $20 = $80

Step 4: Check Your Work

Once you’ve found your sale price, go back and double-check your calculations for accuracy. You can also use online calculators or phone apps if you prefer an automated solution.

Conclusion:

Calculating discounted prices is a valuable skill that can save shoppers money and aid in making informed decisions when purchasing items. Fortunately, with just a few straightforward calculations, you can easily determine these prices and avoid any confusion. The next time you come across a sale, put these steps to use and enjoy the satisfaction of knowing exactly how much you’re saving.