Discount rate

The discount rate denotes the percentage by which the original price of a specific product is reduced. In sales, the discount rate is typically expressed as a percentage. For instance, if a product is advertised as "20% off ", the discount rate for that product is 20%. Offering discounts is among the simplest methods to acquire customers and market your store or products.

The following formula is used to calculate discount rates:

Discount rate (in percentage) = (Discount amount / Original price) × 100

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