How is the 3 percent discount?
A 3% discount is a reduction in price by 3% of the original amount. To calculate the discount, you multiply the original price by 3% (expressed as a decimal, which is 0.03).
Discount = Original Price * 0.03
For example, if the original price is $100, the discount would be $100 * 0.03 = $3. The new price would be $100 – $3 = $97.
What is 3 percent discount calculation?
Discount calculation is the process of determining the amount of reduction in price for a product or service, based on a specified discount rate. The calculation of a discount involves multiplying the original price by the discount rate expressed as a decimal.
Discount = Original Price * (Discount Rate as Decimal)
For example, if the original price of a product is $100 and the discount rate is 3%, the discount calculation would be $100 * 0.03 = $3. The final price of the product after the discount would be $100 – $3 = $97.