how to calculate discount percentage formula in excel

how to calculate discount percentage formula in excel

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Discount

Calculate Percentage Discount | Calculate Discounted Price | Calculate Original Price

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

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

1. First, divide the discounted price by the original price.

Note: you’re still paying $60 of the original $80. This equals 75%.

2. Subtract this result from 1.

Note: if you’re still paying 75%, you’re not paying 25% (the percentage discount).

3. On the Home tab, in the Number group, click the percentage symbol to apply a Percentage format.

Result.

Calculate Discounted Price

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

1. First, subtract the percentage discount from 1.

Note: you’re still paying 75%.

2. Multiply this result by the original price.

Note: you’re still paying 75% of the original $80. This equals $60.

Calculate Original Price

If you know the discounted price and the percentage discount, you can calculate the original price. Take a look at the previous screenshot. To calculate the discounted price, we multiplied the original price by (1 — Percentage Discount).

1. To calculate the original price, simply divide the discounted price by (1 — Percentage Discount).

Brief Description of Discount Calculation in Excel

Discount calculation in excel is one of the calculations often used in this software. By using excel, the calculation process related to discount can be done easier and faster.

For each of the three discount variables calculation, you must know the value of the other two first. This is because the calculation process for each of them needs the other two variables as its references.

To help you understand better about discount calculation in excel and the three variables relationship, you can see the example below. From there, we can infer how the variables are connected and can be used to get the value of one another.

The Calculation of the Discounted Price

The first variable we discuss here is the discounted price. Generally, the calculation writing to get the discounted price in excel can be written as follows.

=original_price — discount_percentage * original_price

formula bar

As seen in the general writing and example’s formula bar, you need to subtract the original price with the discount value. The discount value itself can be gotten by multiplying your discount percentage with the original price. From there, you can get the discounted price that you want.

In detail, the steps to write the calculation process of the discounted price in excel are as follows:

1. Type the equal sign ( = ) in the cell where you want to place the discounted value
2. Input the original price or the cell coordinate where the number is after =. Then, type in a minus sign ( — )
3. Input the discount percentage or the cell coordinate where the percentage is. Make sure the percentage symbol ( % ) is behind the input you put in here. Then, type a star sign ( * )
4. Input the original price or the cell coordinate where the number is
5. Press Enter
6. Done!

After learning how to calculate the discounted price, next we will see how the discount percentage variable is calculated.

The Calculation of the Discount Percentage

Generally, the writing of discount percentage calculation in excel can be given as follows:

=(original_price — discounted_price) / original_price And here is an example of the writing usage and its result (look at the formula writing in the formula bar).

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Generic formula

=(original_price-sale_price)/original_price

Summary

To calculate the percentage discount from an original price and a sale price, you can use a formula that divides the difference by the original price. In the example shown, the formula in E5, copied down, is:

=(C5-D5)/C5

The result is a decimal value with percentage number format applied.

Explanation

In this example, the goal is to determine the percentage discount for each item shown in the table, given an original price and a sale price.

Formatting percentages in Excel

In mathematics, a percentage is a number expressed as a fraction of 100. For example, 75% is read as “Seventy-five percent” and is equivalent to 75/100 or 0.75. Accordingly, the values in column E are decimal values. To display these numbers as a percentage with the percent sign (%), the Percentage number format has been applied to E5:E15.

Microsoft Excel is a spreadsheet developed by Microsoft for Windows, macOS, Android and iOS. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA). Excel forms part of the Microsoft Office suite of software.

resource: wikipedia

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