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How to calculate 2 percent discount-on a number

The discount of 2 percent on 1 will be 0.02, while the final price is 0.98.

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 2 percent discount on 1 - Step-by-Step

Problem: Calculate the exact sale price of an item originally priced at $1.00 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.

1.00 × 0.02 = 0.02 (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,

1.00 - 0.02 = 0.98 (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

Examples of Discount Calculations