Click save settings to reload page with unique web page address for bookmarking and sharing the current tool settings, or click flip tool to reverse the tool function with current settings
Add next step in your pricing workflow by sending the reduced price determined above to a calculator below
This tool will calculate the discounted price and amount saved from the original list price and the applied percentage discount.
The formula used by this calculator to determine the new price and amount saved is:
RP = OP · (100 – D) / 100
DA = OP – RP
- RP = Reduced price
- OP = Original price
- D = Discount (%)
- DA = Discount amount
This is the list price or previous price before the discount was applied. It represents the highest price which an item would be sold, and is often used to highlight the amount of saving, and may appeared crossed out on price tags on retail goods or as RRP (recommended retail price).
This is the percentage of the original price that is deducted to determine the new reduced price. A discount can be offered for many different reasons.
It could be a quantity based requirement where a discount is offered for a larger quantity.
A reseller would receive a fixed discount on the list price to reflect the saving made by the supplier on not utilising their own sales and marketing to promote and sell a product.
A customer may have an exclusive purchasing agreement with a supplier to only buy certain types of product from them, for which they get a blanket discount on the list price of everything they purchase.
This is the new discounted price that is generated by deducting the percentage discount from the original price. It represents the price you would pay to purchase the item, if the conditions for offering a discount have been met.
This is the amount of money saved after reducing the original price by the percentage discount. It is determined by subtracting the discounted price from the list price.