Discount Calculator is a free online tool that displays the discount amount. BYJU’S online discount calculator tool makes the calculation faster, and it displays the discount value in a fraction of seconds.
How to Use the Discount Calculator?
The procedure to use the discount calculator is as follows:
Step 1: Enter the cost price and the selling price in the respective input field
Step 2: Now click the button “Solve” to get the discount
Step 3: Finally, the discount amount will be displayed in the output field
What is Meant by Discount?
In mathematics, the discount is a type of reduction in the cost price of a product. Generally, the discount refers to the condition where the selling price of the product is less than the cost price of the product. The discount can be calculated by taking the difference between the cost price and the selling price. Thus, the formula to determine the discount is given as:
Discount = Cost price – Selling Price
For example, the actual cost of the pen is Rs. 70, but the shopkeeper has sold the pen for Rs. 50, thus the discount can be calculated by
Discount = Actual cost of the pen(cost price) – Sold price (selling price)
Discount = 70 – 50
Hence, the shopkeeper has sold the pen with a discount of Rs.20.