Introduction
Calculating the percentage saved is a common task in various financial and retail scenarios. Whether you’re tracking discounts during a sale or determining your savings on a purchase, a Percentage Saved Calculator proves to be a handy tool. In this article, we’ll provide a step-by-step guide on how to use the calculator along with the precise formula for accurate calculations.
How to Use
Using the Percentage Saved Calculator is straightforward. Simply input the original price and the discounted price into the designated fields, then click the “Calculate” button. The calculator will instantly provide you with the percentage saved.
Formula
The formula for calculating the percentage saved is:
Percentage Saved=(Original Price−Discounted Price Original Price)×100
This formula expresses the difference between the original and discounted prices as a percentage of the original price.
Example
Let’s consider an example: You purchase an item with an original price of $150, and it’s currently on sale for $120. Using the Percentage Saved Calculator:
Percentage Saved=(150−120150)×100=20%
This means you saved 20% on the purchase.
FAQs
Q1: Can the Percentage Saved Calculator handle negative percentages?
A1: No, negative percentages are not applicable in this context. The calculator will always yield a positive result.
Q2: Can I use the calculator for multiple items in a single session?
A2: Yes, simply input the new values and click “Calculate” for each item separately.
Q3: What if the discounted price is higher than the original price?
A3: In such cases, the calculator will display a negative percentage, indicating an increase rather than a savings.
Conclusion
The Percentage Saved Calculator simplifies the process of determining how much you’ve saved on a purchase, aiding in budgeting and financial planning. By following the easy steps outlined above, users can swiftly obtain accurate results, making informed decisions about their expenditures.