How to Calculate Sales/Selling Price using Discount Percentage Rate?
Sales / Selling price is the amount given to purchase a thing. When a discount is announced on a sale, the sales price differs from the original cost based on the discount percentage.
You must calculate the discount amount to find the sales price.
Discount Amount = (Original Cost x Discount Percentage Rate) / 100
Selling Price = Original Cost - Discount Amount
Step 1: Let us assume the discount percentage as 8% for a purchase of 1 Kg of Orange of original cost of Rs. 100.
Original Cost = Rs. 100
Discount Percentage = 8 %
Step 2: Calculating the Discount Amount with Substituted Values
Discount Amount = (100 x 8) / 100 = 8
Therefore the discount amount is 8 Rs.
Step 3: Calculating the Sales Price using the Discount Amount
Selling Price = 100 - 8 = 92
Therefore the Sales Price isRs.92