Discount Formula:
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The Discount Calculator helps you determine the final price after applying a percentage discount to an original price in South African Rand (ZAR). It also shows the amount you'll save.
The calculator uses the discount formula:
Where:
Explanation: The formula calculates the discounted price by subtracting the discount percentage from 100%, converting it to a decimal, and multiplying by the original price.
Details: Accurate discount calculation is essential for budgeting, financial planning, and making informed purchasing decisions in South Africa.
Tips: Enter the original price in ZAR and the discount percentage (0-100). Both values must be positive numbers with discount percentage not exceeding 100%.
Q1: Can I calculate multiple discounts?
A: For multiple discounts, apply them sequentially or use the formula: Final Price = Original × (1 - d1/100) × (1 - d2/100)...
Q2: How is VAT included in discounts?
A: In South Africa, discounts are typically applied to the VAT-inclusive price unless specified otherwise.
Q3: What's the difference between discount and markup?
A: A discount reduces the price, while a markup increases it. The formula for markup is similar: Marked Up = Original × (1 + Markup%/100).
Q4: How do I calculate the original price from discounted price?
A: Use: Original = Discounted / (1 - Discount%/100).
Q5: Are there rounding rules for ZAR?
A: South African prices are typically rounded to the nearest 5 cents for cash transactions, but exact amounts are used for electronic payments.