To calculate the Discounted Price (DP):
DP=IP−IP×PO100
Where:
The discounted price is the final price of an item after a discount has been applied. It is calculated by subtracting the discount amount from the initial price. The discount amount is determined by multiplying the initial price by the percent off and then dividing by 100.
Let's assume the following values:
Using the formula:
DP=100−100×20100=100−20=80 dollars
The Discounted Price is $80.00.