Calculate Discounts
Recall that there are 3 general types of percent problems which you'll often encounter.
- Find the part (also called the percentage).
- Find the rate.
- Find the whole (also called the base).
Calculating discounts involves finding the part.
P = W•R where P is the part, W is the whole, and R is the Rate.
The discount or amount of discount is the product of
the original price (the whole, W) and the
discount rate (R).
Let's look at an example problem. Find
the discount for a sweater that is 20% off. If the original price is $80, what
is the discount?
Substituting into the equation P = WR, we get P = ($80)(20%) = $80(.2) = $16.
Now try it on your own!
The net price (sale price) is the original price
minus the discount.
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