How to Calculate Discount Period
Calculating the discount period involves determining the duration within which a customer can avail a discount on a purchase. For instance, if a store offers a 10% discount within the first week of purchase, the discount period would be one week.
Understanding the discount period is critical for businesses and customers alike. It enables businesses to strategically set discount durations to maximize sales and customer engagement. For customers, it provides transparency and helps them plan their purchases to take advantage of the best deals.