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.

1. First, determine the purchase amount (PA) in dollars.
2. Next, determine the cashback earned (CE) in dollars.
3. Use the formula from above = CB% = (CE / PA) * 100.
4. Finally, calculate the Cashback Percentage (CB%).
5. 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