How do you calculate multiple discounts?

For example, if the original price was $50 and we have two discounts: 20% and 10% , then we’re doing something like this: $50 – 20% = $50 – $10 = $40 . Then $40 – 10% = $40 – $4 = $36 .

How do you calculate a triple discount?

Take the original price and subtract the original price times the 1st discount. Take the price from step 2 and subtract the price from step 2 times the 2nd discount. Calculate the final price. Take the price from step 3 and subtract the price from step 3 times the 3rd discount.

How do you calculate a series discount?

For example, if the discount offered is 35 percent and the total value of the goods sold are $100,000, the single discount formula would be: $100,000 x 35 percent = $35,000 discount. In contrast to the single discount formula, however, the discount series yields a lower discount.

What is discount formula in Excel?

Say you want to reduce a particular amount by 25%, like when you’re trying to apply a discount. Here, the formula will be: =Price*1-Discount %.

How do you solve successive discount questions?

If the successive discounts d1, d2, and d3 are given on an item, then the selling price of that item is calculated by, SP = (1 – d1/100) x (1 – d2/100) x (1 – d3/100) x MP, where SP is selling price and MP is marked price.

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How do you calculate discount in accounting?

A sales discount equals the percentage discount times the outstanding invoice amount. The discounted invoice amount equals the outstanding invoice amount minus the sales discount. For example, the sales discount on an invoice of $1,000 that offers a 2 percent discount is $20, since 0.02 x $1,000 = $20.

How do you calculate total discount in Excel?

If you know the original price and the discounted price, you can calculate the percentage discount. If you know the original price and the percentage discount, you can calculate the discounted price, etc.

Calculate Percentage Discount

  1. First, divide the discounted price by the original price. …
  2. Subtract this result from 1.

How do you take 20% off in Excel?

If you want to calculate a percentage of a number in Excel, simply multiply the percentage value by the number that you want the percentage of. For example, if you want to calculate 20% of 500, multiply 20% by 500.