Calculating senior citizen discounts involves determining the appropriate reduction in cost for goods or services offered to individuals who meet age-related criteria. For instance, a store might offer a 10% discount to customers aged 65 or older.
Senior citizen discounts hold great importance, providing financial relief to an often underprivileged demographic. Such discounts promote accessibility to essential goods and services, enhancing the overall well-being of the elderly. Historically, the concept of senior discounts emerged during the Great Depression, as a way to show appreciation for the sacrifices made by older citizens.