Percent Off Calculator
Enter the initial price and the percent off to calculate the discounted price of an item and the savings in dollars.
On this page:
How to Calculate Price with a Percentage Off
You can easily calculate the final price of an item and the amount you will save if you know the percentage off. This is a commonly used discount formula for products and services that reduces the price of the product by a percentage off.
Step One: Convert Percent Off to a Decimal
The first step is to convert the percentage to a decimal number. This is necessary, so we can use the percentage in a simple formula.
To convert a percent to a decimal number, simply divide by 100. You can also use our convenient decimal to percent calculator.
For example, let’s convert 15% to a decimal number.
percent as decimal = 15% ÷ 100
percent as decimal = .15
Step Two: Calculate the Savings
The next step is to multiply the decimal percent by the initial price to find the savings amount.
For example, find the savings of a $40 item with a .15 decimal percent off.
savings = $40 × .15
savings = $6
Step Three: Calculate the Final Price
To calculate the final price after the percent off, subtract the savings amount from the initial price.
For example, calculate the final price of a $40 item with 15% off – remember this is a $6 savings.
final price = $40 – $6
final price = $34
You can also use our discount calculator to simplify this calculation.
Many companies will also offer a stackable discount, which means that they offer an additional percentage off of a product where a discount is already being offered. If this is the case, you can use the formula above and iterate through it again to apply the additional percentage off.
Prices After Taking a Percent Off
|Initial Price||Price After Percent Off|
|10% off||15% off||20% off||25% off||30% off|
Offering a percentage off discount is commonly used to entice consumers to buy products or services. It’s important to understand how to calculate the dollar savings of a percentage off discount so that you understand how much you are truly saving.
Frequently Asked Questions
Why do companies offer a percent off of their products?
Companies can offer a percentage off discount for various reasons, including having excess inventory they want to get rid of, enticing consumers to buy a new product, or to get more people into their store.
Can I ask for a percentage off discount if a company isn't offering one?
Some companies are open to negotiating the price of their products, while others companies set their prices and cannot negotiate. It all depends on the company’s policies.