Calculating discount percentages is a fundamental skill for both businesses and consumers, allowing them to determine savings efficiently. A discount percentage represents the amount of reduction from the original price of a product or service.
For instance, if a $100 product is discounted to $80, calculating the discount percentage requires dividing the $20 difference by the $100 original price, which yields a 20% discount. Understanding discount percentages is crucial for informed decision-making and maximizing savings.