Cashback Percentage Calculator

Calculate Cashback Percentage



Formula

To calculate the cashback percentage:

\[ CB\% = \left(\frac{CE}{PA}\right) \times 100 \]

Where:

What is Cashback?

Cashback refers to a credit card benefit that refunds the cardholder a small percentage of the amount spent on purchases. Cashback rewards are actual cash that can be applied to a credit card bill or received as a check or bank account deposit. It’s a way to earn back some of the money you spend.

Examples

Example 1: If you earned $20 in cashback from a purchase amount of $200:

Using the formula:

\[ CB\% = \left(\frac{20}{200}\right) \times 100 = 10\% \]

So, the cashback percentage is 10%.

Example 2: If you earned $15 in cashback from a purchase amount of $300:

Using the formula:

\[ CB\% = \left(\frac{15}{300}\right) \times 100 = 5\% \]

So, the cashback percentage is 5%.