Discounts
Understanding Discounts
What is a Discount?
How Discounts Work?
Example Calculation:
Original Transaction-
Transaction After Discount-
Steps to Calculate:
1.
Determine the initial price of the transaction.
2.
Use the formula to determine the discount rate based on the original sales price and the discount amount.
3.
Use the formula to reduce the price of each item by applying the relative discount on the items.
4.
Subtract the calculated discount amount from the original sales price to get the final sales price.
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