The formula to calculate Discount Percentage (D%) is:
\[ D\% = \left(\frac{LP - SP}{SP}\right) \cdot 100 \]
Where:
A Discount Percentage is the discount offered as a percentage.
List Price is the price of an article as shown in a list issued by the manufacturer.
Price Paid is the price at which the consumer buys a product.
Let's assume the following values:
Using the formula:
\[ D\% = \left(\frac{51.5 - 50}{50}\right) \cdot 100 \]
Evaluating:
\[ D\% = 3 \]
The Discount Percentage is 3%.
| List Price | Price Paid | Discount Percentage |
|---|---|---|
| 50 | 49 | 2.04% |
| 50 | 49.5 | 1.01% |
| 50 | 50 | 0.00% |
| 50 | 50.5 | -0.99% |
| 50 | 51 | -1.96% |
| 50.5 | 49 | 3.06% |
| 50.5 | 49.5 | 2.02% |
| 50.5 | 50 | 1.00% |
| 50.5 | 50.5 | 0.00% |
| 50.5 | 51 | -0.98% |
| 51 | 49 | 4.08% |
| 51 | 49.5 | 3.03% |
| 51 | 50 | 2.00% |
| 51 | 50.5 | 0.99% |
| 51 | 51 | 0.00% |
| 51.5 | 49 | 5.10% |
| 51.5 | 49.5 | 4.04% |
| 51.5 | 50 | 3.00% |
| 51.5 | 50.5 | 1.98% |
| 51.5 | 51 | 0.98% |
| 52 | 49 | 6.12% |
| 52 | 49.5 | 5.05% |
| 52 | 50 | 4.00% |
| 52 | 50.5 | 2.97% |
| 52 | 51 | 1.96% |
| 52.5 | 49 | 7.14% |
| 52.5 | 49.5 | 6.06% |
| 52.5 | 50 | 5.00% |
| 52.5 | 50.5 | 3.96% |
| 52.5 | 51 | 2.94% |
| 53 | 49 | 8.16% |
| 53 | 49.5 | 7.07% |
| 53 | 50 | 6.00% |
| 53 | 50.5 | 4.95% |
| 53 | 51 | 3.92% |