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Group Rate Calculator

Formula

The formula to calculate the Group Rate (GR) is:

$GR = IR - \frac{IR \times D}{100}$

Where:

$GR$ is the Group Rate ($)
$IR$ is the individual rate ($)
$D$ is the group rate discount (%)

What is Group Rate?

The Group Rate is the discounted rate offered to a group of individuals. It is calculated by applying a discount percentage to the individual rate. This metric is useful for businesses and organizations to offer special pricing for group bookings or purchases.

Example

Let's say the individual rate (IR) is $100, and the group rate discount (D) is 20%. Using the formula:

$GR = 100 - \frac{100 \times 20}{100} = 80$

So, the group rate (GR) is $80.