In this example, you are saving 10%, or $4.50.Ī fixed amount off of a price refers to subtracting whatever the fixed amount is from the original price. For example, if a good costs $45, with a 10% discount, the final price would be calculated by subtracting 10% of $45, from $45, or equivalently, calculating 90% of $45: The two most common types of discounts are discounts in which you get a percent off, or a fixed amount off.Ī percent off of a price typically refers to getting some percent, say 10%, off of the original price of the product or service. The term discount can be used to refer to many forms of reduction in the price of a good or service.
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