How much is a 1 percent discount on 500?

The discount of 1 percent on 500 will be 5.00, while the final price is 495.00.

Discount Calculator ?Please change the values of the two first boxes below and get answers to any combination of values.

Inputs:

Price before the discount: $
Discount: %

Results:

Discount:

Price after discount:

Solution Steps:

How to figure out a 1 percent discount on 500 - Step-by-Step

Problem: Calculate the exact sale price of an item originally priced at $500.00 and now has a 0.01% discount. See, below, how to solve it in three steps.

Step 1 - Convert the percentage discount to a decimal

Imagine the percent number with a decimal to the right of the last digit, then, move the decimal point two places to the left.

1% = 1.00% = 0.01

Step 2 - Multiply the price before the discount by the decimal

You will find the discount, or what value is being taken off the price before the discount. You can use a calculator to do it.

500.00 × 0.01 = 5.00 (discount)

Step 3 - Subtract the discount from the price before the discount

Subtracting the discount from the price before the discount will give you the sale price of the item. So,

500.00 - 5.00 = 495.00 (discount savings amount)

Discount Formulas

To calculate discount, as explained above, is easy by using the following equations:

Discount = Price Before the Discount × Discount % / 100

Final Price = Price Before the Discount - Discount