What is a Percent off Calculator?
A percent off calculator assists you in determining how much you will save during a sale when the full selection of merchandise or stock is "X percent off!". Keep reading - if you are curious to know the steps for figuring out off percentages, Tools City's Percent off calculator will definitely save you from a lot of trouble.
Define percent Off and a discount? Is there any difference between these two?
"A percent off" and "a discount" are precisely the two same things. Suppose it's a big sale, and all of the goods in a particular store are 55% off. As we all enjoy saving money, a Percent off calculator will decide how much money we will keep in our pocket.
How can we figure out Percent off in Tools City's Percent off calculator?
Tools City's Percent off calculator is a particular case of a percentage change; it applies the percentage decrease formula for calculations. The process of determining your discount is as follows:
- You will have to enter the original price into the Percent off calculator. For example, a Sofa set might initially set you back $5000.
- Then determine the percentage discount: Let us consider the discount on a particular store for everything is 60% off.
- The sum that will stay in your pocket is your savings, in this case, savings is 60%. So, 60% * $5000 = 0.6 * $5000 = $3000.
- The final price of the product on sale will now be $5000 - $3000 = $2000.
Tools City's Percent off calculator is vital to determine the calculation of how much more you have to pay if the product's price raises at a particular time. You can type a negative value into the "off" box - our calculator will use the percentage increase formula accordingly.
Another example is that a badminton racket at an XYZ store costs $100 exclusive of sales tax. The sales tax is 10%, and the discount on the XYZ store is 20%.
Determine the percentage discount:
The first step for determining its Percent off is to calculate its total price, including sales tax. You will add the original price of the badminton racket and the sales tax of 10% on it. $100 + $100x 10% = 110.
So the final price for the badminton racket on XYZ store is 110 including sales tax now, the discount on XYZ store is 20%. 20% * $110 = 0.2 * $110 = $22.
The product's final price on sale is the difference between the original price and savings: $110 - $22 = $88.
So, the final price of a badminton racket at the XYZ store is $88.
Make sure to review our commission calculator if you are interested in the salesperson's fee as well.
What are the parameters of Tools City’s Percent off calculator?
Tools City’s Percent off calculator consists of many parameters to measure the percent off for any value. When you open the Tools City’s Percent off calculator there you will see a section of input:
The original price box shows the original price of any particular product and you will write its original price in this box.
The off box where you will write the discounted percentage. For suppose the discount on a particular product is 20%, you will write 20 in this box.
A question that whether the sales tax is included or excluded. There will be different results for both, you will further know about their uses.
The other section is output where you will see:
Final price of the product, after putting all the input parameters.
The savings on the product, after putting all the input parameters.
The uniqueness in Tools City’s Percent off calculator is that you can alternate the output parameters with input parameters and vice versa.
What are the modes of operation in Tools City’s Percent off calculator?
Tools City’s Percent off calculator is comprised of two modes, one mode is if the sales tax is included in the original price and another is if the sales tax is excluded in the original price.
We will use both of the modes for your understanding.
Let us consider an example of the first mode if the sales tax is included.
Mark’s Cafe is giving you a discount of 25% on Cappuccino. If the original price of a Cappuccino is $120 included with sales tax. Then what will be the final price of a Cappuccino?
Now you will enter the original price of the Cappuccino in the original price box, then you will put the discount percentage in the off box. Later, you will choose yes in the box of sales tax.
Finally, you can see the results in the final price box and savings box. In the final price box, you will see $90 and in the savings box, you will see $30. This is how the first mode work.
Now let us consider an example of the second mode if the sales tax is excluded.
The original price of a watch at ABC watches is $600 exclusive of sales tax. On every Saturday ABC watches gives a discount of flat 20% on all watches. What will be the final price of a watch on Saturday ff the sales tax for ABC watches is 10%.
The first step for determining its Percent off is to calculate its total price, including sales tax. You will add the original price of the watch and the sales tax of 10% on it.
$600 + $600x 10% = 660.
So the final price for a watch on ABC watches is 660 including sales tax now, the discount on XYZ store is 20%.
20% * $660 = 0.2 * $660 = $132.
The final price of the watch on sale is the difference between the original price and savings: $660 - $132 = $528.
So, the final price of a watch at ABC watches is $528 and the savings is $132.