Question 1

What is a discount?

Accepted Answer

A discount is a reduction in the price of a product or service. It is usually expressed as a percentage of the original price.

Question 2

How is discount calculated?

Accepted Answer

Discount amount = Original Price × (Discount Percentage / 100). Sale Price = Original Price - Discount Amount.

Question 3

What does savings amount mean?

Accepted Answer

Savings amount is the total money you save by applying the discount. It is equal to the discount amount.

Question 4

Can I calculate discount backwards?

Accepted Answer

Yes, you can calculate the original price if you know the sale price and discount percentage.