Calculating discount between two prices, a fundamental retail practice, involves determining the price reduction offered on an item. For instance, if a product originally costs $100 and is now sold at $75, the discount can be calculated.
Understanding discount calculations is crucial for both businesses and consumers. Businesses use it to set competitive prices and maximize profits, while consumers benefit from identifying the best deals. Historically, the concept of discounts can be traced back to ancient marketplaces, where merchants offered reductions to attract customers.