Enter the purchase amount and the cashback earned into the calculator to determine the cashback percentage. This calculator helps you understand the percentage of cashback received from a transaction.
Cashback Percentage Formula
The following formula is used to calculate the cashback percentage.
CBP = (CE / PA) * 100
Variables:
- CB% is the cashback percentage
- CE is the cashback earned ($)
- PA is the purchase amount ($)
To calculate the cashback percentage, divide the cashback earned by the purchase amount and then multiply by 100 to get the percentage.
What is Cashback?
Cashback refers to a credit card benefit that refunds the cardholder a small percentage of the amount spent on purchases. Cashback rewards are actual cash that can be applied to a credit card bill or received as a check or bank account deposit. It’s a way to earn back some of the money you spend.
How to Calculate Cashback Percentage?
The following steps outline how to calculate the Cashback Percentage.
- First, determine the purchase amount (PA) in dollars.
- Next, determine the cashback earned (CE) in dollars.
- Use the formula from above = CB% = (CE / PA) * 100.
- Finally, calculate the Cashback Percentage (CB%).
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Purchase Amount (PA) = $200
Cashback Earned (CE) = $10
