Understanding Discount Calculations
Introduction
This guide explains the formulas and concepts behind discount calculations.
Key Discount Concepts
Original Price:
The initial price of the item before any discounts.Discount Value:
The amount or percentage by which the original price is reduced.Final Price:
The price of the item after the discount is applied.
Discount Calculation Formulas
Percentage Discount:
Discount Amount = (Original Price * Discount Percentage) / 100
Final Price = Original Price - Discount Amount