Excel is a widely used tool for calculating discounts, which are incentives offered to customers to increase sales. In this article, we will explore the process of calculating discounts in Excel. By the end of this tutorial, you will have a clear understanding of how to calculate discounts in Excel and apply this knowledge in a variety of pricing scenarios.
This Tutorial Covers:
- Two Easy Excel Formulas for Discount Calculation
- Utilize formula in Excel to determine the discount price
- Utilize the Subtraction Formula
- Implement the multiplication formula
- Use the Excel formula to calculate the discount percentage
- Divide by the original price
- Subtract from One
- Things to Keep in Mind
1. Two Easy Excel Formulas for Discount Calculation:
In this article, we will discuss two methods for calculating discounts in Excel. Generally, you need two variables to calculate the discount. By following the step-by-step instructions outlined in this article, you will gain a thorough understanding of the discount calculation process in Excel.
2. Utilize the formula in Excel to determine the discount price:
You only need to use a straightforward formula when working in Excel to obtain the discounted price.
Assume you have a dataset of different goods, each with its Original Price and Festival Discount Rate. The workbook’s discounted price will be calculated using the algorithm. Two formulas are presented below to determine the discount pricing.
- Utilize the Subtraction Formula:
You can calculate the discounted price using a straightforward subtraction formula.
The steps to use of Subtraction formula to calculate discounted price are described below:
Step 1: Apply the below formula in cell E2 and you can either copy and paste the formula or drag the formula’s fill handle to the remaining cells.
=C2-(C2*D2)
- Implement the multiplication formula:
You may use the multiplication formula to determine our discounted price.
The steps to use of Multiplication formula to calculate discounted price are described below:
Step 1: Apply the below formula in cell E2 and you can either copy and paste the formula or drag the formula’s fill handle to the remaining cells.
=C2*(1-D2)
3. Use the Excel formula to calculate the discount percentage:
You could occasionally discover that the discounted pricing is given to you in Excel. The two variables selling price and discount % must then be used to calculate the discount percentage.
Consider a dataset that includes the Original Price and Discounted Price of several goods. We will now figure out the discount rate.
- Divide by the original price:
The Excel discount percentage can be determined using this method, which is the simplest. Simply divide the price difference by the original price after calculating the price difference.
The steps to use of dividing by the original price to calculate the discount rate are described below:
Step 1: Apply the below formula in cell E2 and you can either copy and paste the formula or drag the formula’s fill handle to the remaining cells.
=(C2-D2)/C2
- Subtract from One:
The steps to use of subtracting from one to calculate the discount rate are described below:
Step 1: Apply the below formula in cell E2 and you can either copy and paste the formula or drag the formula’s fill handle to the remaining cells.
=1-(D2/C2)
4. Things to Keep in Mind:
Using brackets correctly is essential when applying formulas, as failing to do so can result in incorrect output. Therefore, it is important to remember to use brackets between formulas to ensure the desired result.
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