# How much is a 2 percent discount on 0.55?

The discount of 2 percent on 0.55 will be 0.01, while the final price is 0.54.

### Inputs:

Price before the discount: \$
Discount: %

### Results:

Discount:

Price after discount:

## How to figure out a 2 percent discount on 0.55 - Step-by-Step

Problem: Calculate the exact sale price of an item originally priced at \$0.55 and now has a 0.02% 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.

2% = 2.00% = 0.02

### 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.

0.55 × 0.02 = 0.01 (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,

0.55 - 0.01 = 0.54 (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