What is Percentage of Price?
Calculating the percentage of a price helps you understand the relative value of discounts, markups, or any portion of a price. It is essential for smart shopping and business pricing decisions.
How to Calculate Price Percentage
The formula is:
[\text{Percentage} = \frac{\text{Amount}}{\text{Original Price}} \times 100]
Calculation Example
If an item originally costs $120 and is on sale for $30 off:
[\text{Discount Percentage} = \frac{30}{120} \times 100 = 25]
You are getting a 25% discount.
Common Discount Conversions
| Discount | Percentage |
|---|---|
| $10 off $50 | 20% |
| $15 off $75 | 20% |
| $25 off $100 | 25% |
| $50 off $200 | 25% |
| $30 off $150 | 20% |
Related Calculations
Finding Sale Price
[\text{Sale Price} = \text{Original Price} \times \frac{100 - \text{Discount}}{100}]
Finding Amount Saved
[\text{Savings} = \text{Original Price} \times \frac{\text{Discount}}{100}]
Practical Uses
- Comparing deals from different stores
- Calculating markup percentages for business
- Understanding the true value of promotions
- Negotiating prices and discounts