The formula to calculate the percent rebate is:
PRB=(RBOA)×100
Where:
Percent rebate is a measure used to determine the percentage of the original amount that is returned as a rebate. This calculation is commonly used in financial transactions, promotions, and discounts to understand the savings or returns provided.
Let's assume the following values:
Using the formula to calculate the percent rebate:
PRB=(50200)×100=25%
The percent rebate is 25%.