# Discount Calculator

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Lets first understand, what are discounts and how we can calculate discounts?

Discounts are reductions to a basic price of goods or services.

Calculation of Discount Price:

$$Discount\hspace{0.1cm}Price = {Original\hspace{0.1cm}Price - \dfrac{(Discount\hspace{0.1cm}\% * Original\hspace{0.1cm}Price)}{100}}$$You are saving = Discount Price

You have to pay = Original Price - Discount Price

Example : Calculate the discount for which the original price and discount is $ 100 and 2% respectively.

Solution:

$$Original\hspace{0.1cm}Price = $\hspace{0.1cm}100\hspace{0.1cm}and$$ $$Discount = 2\%$$ $$Discount\hspace{0.1cm}Price = {{\dfrac{2}{100}}*$\hspace{0.1cm}100}$$ $$Discount\hspace{0.1cm}Price \hspace{0.1cm}(savings) = $\hspace{0.1cm}2$$ $$You\hspace{0.1cm}pay= $\hspace{0.1cm}98 $$Types of discounts:

Partial payment discount

This discount is used when the seller wishes to improve cash flow or liquidity, but finds that the buyer typically is unable to meet the desired discount deadline. A partial discount for whatever payment the buyer makes helps the seller's cash flow partially.

Trade discount

Trade discounts, also called functional discounts, are payments to distribution channel members for performing some function. Examples of these functions are warehousing and shelf stocking.

Trade discounts are given to try to increase the volume of sales being made by the supplier.

The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a biscuit is $25 and trade discount is 1% on $25.

Disability discount

A discount offered to customers with what is considered to be a disability.

Educational or student discount

These are price reductions given to members of educational institutions, usually students but possibly also to educators and to other institution staff. Educational discounts may be given by merchants directly, or via a student discount program.

For calculating discount using above discount calculator, you have to just write the original price and discount % in the given input box and press the calculate button, you will get the discount price (savings) and the price that you have to pay.