A percentage discount formula for excel is a mathematical equation that calculates the discounted price of an item by subtracting a percentage of the original price.
For instance, if a shirt originally costs $20 and you have a 20% discount, the formula would be: Discount = Original Price (%) = $20 0.20 = $4.00 and the discounted price would be $20 – $4 = $16.
Percentage discount formulas are crucial in various industries as they help businesses determine appropriate discounts, manage inventory, and optimize pricing strategies. Their historical development can be traced back to the advent of spreadsheet software, with Microsoft Excel being a significant player.