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What is percent discount?

Updated: 9/18/2023
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Wiki User

11y ago

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Answer: "The percentage used to discount the price of something for sale."

For example: If the percent discount of a product/service is 15% or (15 percent), then it would be calculated as follows:

Price: 50$

Discount: 15% (to convert to decimal, divide 15 by 100 = .15)

Discounted Price: 50 - (50 * .15) = 50 - 7.5 = 42.50 <--this is the discounted price or the lower price the customer would pay for the product/service.

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11y ago
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