Are you eager to save money and score the best deals on your purchases? In today’s competitive market, discounts play a vital role in attracting customers and are often used as an enticing marketing strategy.
Knowing how to calculate 20 percent off a price can help you take advantage of these promotions, maximize your savings, and make better-informed decisions while shopping.
How To Calculate 20 Percent Off A Price?
Learn the simple formula and use discount calculators to calculate 20 percent off a price, and start saving money on your purchases.
1. Using A Simple Formula
Calculating a 20 percent discount off a price is an essential skill for savvy shoppers, and it’s easier than you might think. With just a quick application of a simple formula, you can determine the discounted price of an item in no time.
The key to this formula lies in understanding that discounts are expressed as a percentage of the original price.
To calculate the new cost following the deduction, simply multiply the original price by 1 – Discount rate.
For example, let’s say you come across a stylish jacket priced at $100 with a tempting 20% discount tag.
Apply the formula above by multiplying $100 (the original cost) by 0.80 (which represents one minus the discount rate).
Using Discount Calculators
In today’s digital age, using discount calculators can make calculating 20 percent off a price even simpler and more efficient. These handy online tools or mobile apps allow users to input the original price and percentage discount (in this case, 20%) to quickly determine the discounted amount and final cost.
For instance, consider that you are shopping for a new television priced at $500. By using a discount calculator app on your smartphone, simply enter the original price of $500 along with the 20% discount rate.
The calculator will then display the discounted amount of $100 as well as your final cost of $400 after subtracting this saving from the initial price.
Examples For Better Understanding
To better understand how to calculate a 20% discount, let’s take a look at some examples:
1. Example One: A pair of shoes is originally priced at $80. To calculate the discounted price, we multiply $80 by 0.2 (the decimal equivalent of 20%) to get $16. This means the discounted price would be $64.
2. Example Two: A laptop is originally priced at $1,200. To calculate the discounted price, we can use mental math and take 20% off the last two digits, which is $240, and subtract that from the original price to get $960.
3. Example Three: A furniture set is on sale for 20% off its original price of $2,500. Using the formula, we can calculate the discounted price as follows:
$2,500 x (1 – 0.2) = $2,000
This means that the discounted price for the furniture set would be $2,000.
It is important to compare prices and double-check calculations before making a purchase to ensure that you are getting a good deal.
By using these examples and understanding how discounts are calculated, you can make informed purchasing decisions and save money on your next purchase.