Finding the percent of a discount, or markdown, is a common task in retail, finance, and everyday life. When an item is discounted, it is sold for less than its original price. The discount is the difference between the original price and the sale price, expressed as a percentage of the original price.
Understanding how to calculate the percent of a discount is essential for budgeting, planning purchases, and making informed financial decisions. Historically, discounts have been used to promote sales, clear out inventory, and reward customer loyalty.