During sale season you might see 10%, 15%, 20% and even higher discounts at stores. Have you tried to determine what your final price would be? Our calculator helps you determine the final price and the amount of money you save.
When it comes to shopping, everyone loves a good deal. And what better deal is there than a percent off? Whether you're looking to save on clothes, groceries, or even a new car, a percent off can really help stretch your budget.
But how do you know if you're really getting a good deal when something is advertised as being "20% off?" To help you navigate the world of percent off sales, we've put together this handy guide.
First, let's start with the basics. A percent off simply means that you're getting a certain percentage of the original price knocked off. So, if something that was originally 80 for it.
Here’s how to use the percent off calculator.
For those interested in the math, the formula for final price is:
Final price = Original price x (100% − Percent off)
For example, if the original price is $100 and you have a 20% discount, then the final price would be:
Final price = $100 x (100% − 20%) = $100 x 80% = $80
The final price is $80.
How much do you save?
Savings = Original price − Final price = $100 − $80 = $20
You save $20.
Let's talk about how to spot a good percent off deal. After all, just because something is advertised as being on sale doesn't necessarily mean it's a good deal. Here are a few things to keep in mind:
Compare the sale price to the original price. This may seem like a no-brainer, but it's important to do the math before you make any purchase. Just because something is 20% off doesn't mean it's automatically cheaper than something that's 10% off. You need to compare the two prices side by side to see which one offers more savings.
Know your prices. It's also important to have an idea of what something should cost before you head to the store (or start shopping online). That way, you'll be able to quickly spot a good deal when you see one. Not sure how much something should cost? A quick Google search can usually give you an idea of what's considered fair market value for most items.
Check for hidden fees. Sometimes, stores will advertise an item as being on sale when it really isn't once you factor in things like shipping and handling fees. So be sure to read the fine print before making any purchase!