Skill: Calculate sale prices after discounts

Explanation and Free Practice Resources

Sale price is the remaining percentage of an original price after a discount: for a discount rate d%d\%, the price is (1−d/100)(1-d/100) times the original, with money rounded appropriately to cents. The relationship can be represented with a percent bar, decimal multiplication, or by finding and subtracting the discount amount; the discount is not subtracted as a fixed number of dollars. This scope excludes successive discounts, tax, and more complex financial formulas.

Detailed Explanation: Calculate sale prices after discounts

A discount means you pay only the part of the original price that remains.

For a discount of (d%)(d\%):

sale price=(1−d100)×original price\text{sale price}=\left(1-\frac{d}{100}\right)\times\text{original price}

Example

A jacket costs 64.99andisand is(20%)$ off. What is the sale price?

Step 1: Find the percent you will pay.

100%−20%=80%100\%-20\%=80\%

You will pay (80%)(80\%) of the original price.

Step 2: Change (80%)(80\%) to a decimal.

80%=0.8080\%=0.80

Step 3: Multiply the original price by the decimal.

64.99×0.80=51.99264.99\times 0.80=51.992

Step 4: Round to the nearest cent.

$51.992≈$51.99\$51.992\approx \$51.99

The sale price is:

$51.99\boxed{\$51.99}

Remember, a (20%)(20\%) discount does not mean subtracting 20.Itmeanssubtracting. It means subtracting (20%)$ of the original price.

Learn by doing: Calculate sale prices after discounts

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Percent reduction of money (10% multiples)


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