What is the discount allowed on a product if selling price is $3500 and the discount given is $40?

We will learn how to calculate loss and loss percent.

If selling price is less than the cost price (S.P. < C.P.), there is a loss.

Loss = cost price - selling price   

or, cost price = loss + selling price            

Selling price = cost price - loss    

Loss% → loss on $100 is called loss%

Loss percent is always calculated on cost price

So, loss% = \(\frac{loss}{cost price}\) × 100

Solved Examples on Calculate Loss and Loss Percent:

1. A dress was bought for $400 and sold $350. Find the loss and loss percent.

Solution:            

Cost price = $400             

Selling price = $350         

Since, S. P. < C. P., there is loss

Therefore, loss = cost price - selling price

                     = $450 - $350                         

                     = $50                        

So, loss% =  \(\frac{loss}{cost price}\) × 100

              =  \(\frac{50}{400}\) × 100

              =  \(\frac{25}{2}\)

              = 12.5%

2. If the cost price of 20 electric goods is equal to the selling price of 25 electric goods, find loss per cent.

Solution:            

Let cost price of 1 electric good = $1

Then cost price of 20 electric goods = $20

Also, cost price of 25 electric goods = $25

Since, selling price of 25 electric goods = cost price of 20 electric goods

Therefore, selling price of 25 electric goods = $20

Therefore, loss = cost price - selling price

                      = $25 - $20

                      = $5

Therefore, loss% = \(\frac{loss}{cost price}\) × 100

                         =  \(\frac{5}{25}\) × 100

                         = 20%

7th Grade Math Problems

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Use this percent off calculator to easily calculate the final price you need to pay after applying a percent off discount for products on sale or by using a percent off coupon.

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Percent off calculations are usually needed when there is an item or service on sale, or when you have a percent off coupon and you want to know how much that would save you in absolute terms, or how much you would need to pay in the end, after the discount has been applied. That is, if there is a 20% sale of an item that costs $100 (or €100), how much is that in USD/EUR, etc. In this case those 20 percent off means 20 bucks will remain in your pocket when you purchase.

The calculation is really straightforward:

Final price = Original Price x ((100 - %Off) / 100)

To calculate what is X% off a given price using our percent off calculator, enter the original price (base price) in the "Original price" field. Then enter the discount as percentage in the "Percent off" field, and click "Calculate".

The calculator will output the final price you need to pay and the savings you are making in absolute terms (in USD, EUR, etc.).

In many countries and jurisdictions, it is mandatory to display the original price, the discount percent and the final price, but that is not always the case, meaning that the result from a percent off calculator might not give you the final price in all cases. You should be mindful of the local or regional jurisdiction when using our tool. A full reference list of U.S. state regulations is available on the NIST website under the title "U.S. Retail Pricing Laws and Regulations by State".

    How much is X% of $Y (example calculation)

Let's say there is a flat screen TV you want to buy, and it is on sale with a discount of 25% off the original price of $2,000, due to a promotion or a coupon that you have. Plugging the numbers into the above formula we can calculate how much is 25% off $2000. Doing so, we get:

$2000 x ((100 - 25) / 100) = $2000 x (75 / 100) = $2000 x 0.75 = $1500 final price.

The savings are then $2000 - $1500 = $500, so with a discount of 25% you save $500 on a $2,000 TV. Here is a brief table showing how much you would save on that same TV with different levels of discounts.

All numbers in the table are computed using this calculator. To calculate other percentages off (e.g. to know what is 20% off 200, 20% off 1400, 20% off 599, 30% off 25 etc.) other sums and arrive at the final price simply use the tool above.

How to calculate 20% percent off

Consider a second example in which we have to calculate 20% off a 5000 price tag in some currency. Using the same equation as above, we get:

$5000 x ((100 - 20) / 100) = $5000 x (80 / 100) = $5000 x 0.80 = $4000 which is the final price one would have to pay at the cashier.

Usually there is no difference between being given a discount of 30% and having 30% off a price, except that you can have a certain percentage off as a part of a sale or liquidation, and not a single product discount, but this is a minor point. In both cases the final price you pay is 30% off the initial one. For most practical purposes the two are exactly the same so the calculator can be used for both a discount and a coupon. In all cases, consider carefully whether you need the item, before purchasing it - you don't have to buy it just because it is some percentage off a higher price, it might still be overpriced, or it might simply not be the best fit for your needs. It will be healthy for your finances.

Some consumer laws require retailers and other merchants that the item was sold at the original price for some minimum amount of time, for example 2-4 weeks, before a discount can be announced on it. For example, in the UK there was a 28-day price establishment recommendation, but it was recently dropped [1]. In other countries there are no such laws and regulations meaning that an item advertised as being sold at a given percentage off, might not actually be any cheaper than usual. Again, staying vigilant and minding the local regulatory framework will make sure the percent off you calculate represents an actual discount rather than an imaginary advertising trick.

Vickery K., Williams A. (2017) "No more "28 day" rule – pricing and promotions under the spotlight", [online] Available at: http://marketinglaw.osborneclarke.com/

Calculator | Formulas | How to Calculate

How to calculate 40 percent-off $3500. How to figure out percentages off a price. Using this calculator you will find that the amount after the discount is $2100. To find any discount, just use our Discount Calculator above.

Using this calculator you can find the discount value and the discounted price of an item. It is helpfull to answer questions like:

• What is 40 percent (%) off $3500?
• What is $3500 minus 40 percent (%) off?
• How to calculate 40 percent off $3500?
• How much will you pay for an item where the original price before discount is $3500 when discounted 40 percent (%)? What is the final or sale price?
• $1400 is what percent off $3500?

To calculate discount it is ease by using the following formulas:

(a) Amount Saved = Orig. Price x Discount % / 100

(b) Sale Price = Orig. Price - Amount Saved

Now, let's solve the questions stated above:

Replacing the given values in formula (a) we have:

Amount Saved = Original Price x Discount in Percent / 100. So,

Amount Saved = 3500 x 40 / 100

Amount Saved = 140000 / 100

Amount Saved = $1400 (answer).

In other words, a 40% discount for a item with original price of $3500 is equal to $1400 (Amount Saved).

Note that to find the amount saved, just multiply it by the percentage and divide by 100.

Using the formula (b) and replacing the given values:

Sale Price = Original Price - Amount Saved. So,

Sale Price = 3500 - 1400

Sale Price = $2100 (answer).

This means the cost of the item to you is $2100.

You will pay $2100 for a item with original price of $3500 when discounted 40%.

In this example, if you buy an item at $3500 with 40% discount, you will pay 3500 - 1400 = 2100 dollars.

Using the formula (b) and replacing given values:

Amount Saved = Original Price x Discount in Percent /100. So,

1400 = 3500 x Discount in Percent / 100

1400 / 3500 = Discount in Percent /100

100 x 1400 / 3500 = Discount in Percent

140000 / 3500 = Discount in Percent, or

Discount in Percent = 40 (answer).

To find more examples, just choose one at the bottom of this page.