How do you calculate an original price from a discounted price and a percentage rate?
May.25, 2010 in
Uncategorized
For example: Say I know I get 30% off on a product and the discounted price is $20.65. Simply multiplying $20.65 by 30% (which equals $26.85) doesn’t calculate the correct original price (which is $29.50), because it’s a percentage of the discounted price, not the original price. So what’s the formula for calculating this correctly to determine the original price?
May 25th, 2010 at 12:05 pm
The current price is 70% of total, (100% – 30%). The way i’ve always done it is divide the current price by the current percentage, (20.65 / .70).
May 25th, 2010 at 1:01 pm
SIMPLE, you know your total that is 29.50 that is = to 100%
so you have a discount of 30% but you want to now how much it is so;
29.50 =100%
x = 70%
29.50 ( 70 ) = 100 (x)
2065 /100 = x
x = 20.65