# Discount Calculator

List Price

₹ 1,25,000

Discount Amount

₹ 25,000

**Discount Calculator**

Sellers often provide discounts to attract new customers or to retain existing customers. As a vigilant customer, you must remain aware of how much discount is being offered to you. Take note of the percentage discount and if it was correctly applied.

You should learn how to manually calculate discounts or make use of an online calculator. A discount calculator** **can be a helpful tool in finding the savings, the selling price, and the original price of your transaction.

**What is a discount?**

When a seller offers a product to you at a price lower than its original price, the deduction made from the original price is called a discount. It is used as a promotional technique. If you are a regular customer, sellers offer discounts to retain your loyalty. Sometimes vendors offer quantity discounts for those who place bulk orders.

A discount can be given as an absolute amount or as a percentage of the original cost. It is usually calculated using a discount calculation formula, but one can use a percentage discount calculator for faster results.

**What is a discount calculator?**

A discount calculator is a tool developed to assist in calculating discounts. This tool can compute the discount amount, the discount percentage, and even the original and sales price. With the discount calculation formula you will avoid the hassle of making manual calculations**.**

List price, sale price, and discount (percentage or absolute) are the 3 variables of discount calculation., While using the discount calculator, you need to** **provide any two variables to find the third one. Being an automated tool, it provides the results within a few seconds.

**How do discount calculators work?**

A simple discount calculator** **is based on the standard mathematical formula used for calculating discounts. It computes the amount of discount based on the sale price and the list price.

In case taxes are included in the selling price and you want to find the percentage discount, you can use a discount calculator with tax. In India, an individual needs to use a discount calculator with GST** **to consider the tax included.

Now let us understand how to calculate discounts** **using a formula.

**The formula for the discount calculator**

A discount can be calculated as a percentage or as an absolute amount. A percentage calculator** **uses the below simple formula to compute the discount percentage:

Discount = (List price - Sale price)/ List price * 100

The list price is the original price of the article and the sale price is the amount paid for it.

**Example:**

The list price of a pair of jeans was ₹1500 but they were sold for ₹900 during a sale. Let's understand how to calculate a percentage discount for the jeans:

Discount (%)= (₹1500-900)/900*100

= 40%

The jeans were sold at a 40% discount on their original price.

This calculation can be done within a few seconds using a percentage discount calculator.

**How to use the discount calculator?**

Shriram Finance has designed an easy-to-use discount calculator. Follow the three steps given below for easier and faster calculations:

**Step 1: **Click on 'Calculate' to see the drop-down list of the possible results. Select the list price/discount/sale price from the list.

**Step 2: **To calculate the discount, enter the list price and the sale price in the blank columns of the calculator. Similarly, to get the list price, provide the values for the sale price and discount %. You will need to give the discount % and list price for calculating the sale price.

**Step 3: **Click on 'Submit'. You will get the results within seconds.

**Benefits of Shriram Finance discount calculator**

The discount calculator India from Shriram Finance can be beneficial in many ways. We present below a brief understanding of the key benefits:

**Quick results**

A mathematical formula can be used to calculate all types of discounts, however, this can take some time. You can do it hassle-free and quickly by using a discount calculator** **to get accurate results.

**Accuracy**

If you use the discount calculation formula, a potential risk of error cannot be denied completely. However, accuracy is assured by using a calculator. However, you must ensure that you provide the right numbers in their designated columns on the discount calculator.

**Free to use**

Shriram Finance has created a discount calculator** **that allows you to use it without bearing any cost. Additionally, you can use it as many times as you require to compute discount-related details. Students can also use it as a student discount calculator** **and get assistance in their studies.

**Helps to select the best deals**

A bulk discount calculator** **can help you especially if you buy things in bulk and are looking to secure the best deals. The calculations will help you to negotiate a better price with your vendors. You will also benefit by comparing multiple prices and selecting the best one.

**How to calculate discounted prices and savings?**

Discounted prices and savings can be calculated manually or using the discount calculator in rupees. You can compute discounted prices manually by deducting the discount from the list price.

The mathematical formula for computing discount is easy and you can easily learn how to calculate discount percentage formula. However, this method can be time-consuming and prone to errors. Excel can also be used to** **calculate discount percentages** **by using** **the formulae. Alternatively, you can simply use a discount calculator in rupees** **to get quick answers.

**Discount types**

There are various types of discounts. We will describe below the three major categories that are most commonly used:

**Trade discount**

The trade discount is deducted from the list price when the selling price is fixed for an item. It may be expressed either as a percentage of the list price or as an amount. Trade discount is not recorded separately while doing the accounting. The transaction is directly recorded at the selling price after deducting the trade discount.

**Quantity discount**

A quantity discount is offered when a buyer purchases a specific number of products from the seller. You will receive this discount as an incentive to give more business to the seller if you place orders in bulk. It is recorded separately while accounting. A bulk discount calculator is used to calculate quantity discounts.

**Cash discount**

The seller offers a cash discount at the time of payment. It is given because the buyer makes the payment within a specified period after the sale. It is recorded separately in the books of accounts.

**Different kinds of discounts**

Apart from the three major types mentioned above, there are several other types of discounts that you will come across. For example, a company may offer a 'buy 1 get 1 free' discount, where the buyer can purchase two products for the price of one. Here are some other commonly found examples of discounts:

- Stock clearance discount
- Free shipping discount
- Seasonal discount
- Referral discount
- E-mail subscription discount
- Buy 1 get 1 free discount

**Example of discount calculations**

As a user of online calculators, you must know how to calculate percentage discounts manually. Refer to the sample calculations given below if you wish to know how to calculate discounts. You can also practice with more similar examples and check your answers using a percentage calculator.

**Example 1: **The list price of a necklace is ₹1,000 and it was sold for ₹700. Let us calculate the discount percentage by using the formula:

Discount (%) = (List price - Sale price)/ List price * 100

= (1000-700)/1000 * 100

= 30%

The necklace was sold for a 30% discount.

**Example 2: **A pen was sold at ₹100 after giving a 10% discount. Here is how to calculate a 10% discount. First, we will find the list price of the pen.

Discount (%) = (List price - Sale price)/ List price * 100

10 = (List price-₹100)/List price * 100

List price = ₹111

**Conclusion**

Using an online discount calculator is an easy and quick way to find out how much you have saved on a transaction. Shriram Finance has made the tool available to you free of cost, and you can use it without any restrictions on the number of usages. It is much easier to use this tool than manually computing the discounts by using formulae or even Excel.

## Frequently Asked Questions (FAQs)

Why does the discount calculator ask you to fill in the discount as a fixed amount or a percentage?

When the discount is entered as a percentage, the discount calculator displays the amount saved. Similarly, if the discount is entered as an amount, it will display the percentage of the savings.

How does the discount calculator help you to save money?

This discount calculator calculates how much discount you will get on a transaction. You can compare multiple discounts through the calculator to make sure that you are maximising your savings.

Is the Shriram Finance discount calculator easy to use?

Yes. The Shriram Finance discount calculator requires the user to put in just two variables among the three required to compute the discount. It gives you accurate discounts within seconds.

How to calculate a discount?

Discounts can be calculated by deducting the sale price from the list price. It can also be converted into a percentage by dividing the discount amount by the list price and multiplying it by 100.

How to find the original price after a discount?

Divide the sale price by (1 discount divided by 100) to get the list price or the original price.

What are the types of discounts?

The 3 main types of discounts are trade discounts, quantity discounts, and cash discounts.

How do I take ₹250 off the price?

Use the discount calculator to find out the sale price when the discount is ₹250. Ask your vendor to sell the product at that selling price to get ₹250 off.

How do you calculate 15% off?

Multiply the list price by 15% to find the discount provided. Subtract this discount from the list price to get the selling price after the discount.

What is 10% out of 500?

10% of ₹500 is ₹50. After taking a 10% discount on ₹500, you get ₹450 as the selling price.

What is 20% out of 1000?

20% of ₹1000 is ₹200. After taking a 20% discount on ₹1,000, you get ₹800 as the selling price.

How do you work out 20% of 300?

Multiply ₹300 by 20 and divide the answer by 100 to get 20% of ₹300.

What is 30% of 500?

30% of ₹500 is ₹150. It can be calculated by multiplying ₹500 by 30 and dividing the result by 100.

###### Book a Fixed Deposit & get attractive/ high returns

###### You may be interested in

Popular Calculators

Product Calculators

Most Viewed Article

- Are Loans Available for Used Two-Wheelers?
- How Can I Check My Shriram Two Wheeler Loan Status
- How to Apply NOC for Two Wheeler
- Top 10 Advantages and Disadvantages of Online Payments
- Bike Loan for Students
- How Can You Get Quick Cash Loans with A Bad Credit Score
- Tips for How to Get a Personal Loan Without Salary Slips
- How to take a Personal Loan with a Low Credit Score?
- Foreclosure Charges: How to Avoid Pre-Closure Charges
- Consequences of Personal Loan Defaults in India

Related Article

- How Does Fixed Deposit for Women Work?
- Investing in Fixed Deposits: The Safe and Reliable Way
- How to Strategize Your FD Investments in Current Times?
- Top 10 Investment Options in India
- Best Company to Invest in Fixed Deposit Schemes in India
- Difference between MSSC Scheme and Shriram Unnati Fixed Deposit for Women
- 6 Things to Know Before Taking a Loan Against a Fixed Deposit