Enter the original price, 1st discount %, and 2nd discount % into the double discount calculator. The calculator will display the final price and total savings.
Double Discount Formula
The following formula can be used to calculate the final price of an item under a double discount.
FP = (IP-(IP*1D) – (IP-(IP*1D)*2D
- Where FP is the final price
- IP is the initial price
- 1D is the first discount
- 2D is the second discount
In the formula above the 1st and 2nd discounts are in terms of decimals. Percentages would need to be divided by 100.
How to calculate a double discount
- Determine the initial variables
First, determine the initial price, and both discounts.
- Calculate the price after the first discount
Subtract the initial price times the 1st discount from the initial price.
- Calculate the final price
Subtract the value from step 2 times the 2nd discount from the value in step 2.
A double discount is a type of savings that applies to separate discounts to an item.