What is the sale price?

How often do you shop in a retail store and see sale signs everywhere, but have no idea how 30% off equates to dollars and cents?

There is more than one way to determine the net amount you will pay after the savings are deducted from the original price.  Savings of 30%, simply means that you are paying 70% of the retail price.

Think about it for a moment.  100% - 30% = 70%.  Instead of calculating the savings, then deducting that amount from the retail price, you can multiply the retail price by 70%, and you will quickly know the sale price.

One more thing you need to know is 70% has the same value as 0.70, or 0.7 in simplest decimal form.  We know this, because 70% is 70/100, which is 0.70.

Let's try one.  A shirt has a retail price of $29.99 and it is on sale for 30% off.  How much is the sale price?  Prior to doing the calculation, you should round up the price from $29.99 to $30 to simplify the calculation.  Very simply, $30 x 70% = 30 x .70 = $21.

Try another one.  The hat is $20 and is on sale for 25% off.  What is the sale price?  Converting 25% to a decimal = 0.25, which is also 1/4.  Because we readily know that 1/4 of $20 = $5, we can subtract $5 from $20, which is $15.  For many of us, it may have been easier to calculate the savings, then deduct the amount instead of multiplying $20 x .75 like we did in the first example.

Enjoy the savings, but more importantly, enjoy these new tips and share them with someone you love!