Calculating discounts from original prices is a fundamental retail skill. It involves subtracting a certain percentage from the original cost of a product to determine its discounted price. For example, a product originally priced at $100 with a 20% discount would sell for $80.
Understanding how to calculate discounts is crucial for both retailers and consumers. It enables retailers to optimize their pricing strategies and boost sales, while empowering consumers to make informed purchasing decisions and capitalize on savings. The concept of discounts has been prevalent throughout history, with businesses using them to attract customers and enhance their competitive edge.