Enter the individual rate ($) and the group rate discount (%) into the Calculator. The calculator will evaluate the Group Rate. 

Group Rate Formula

GRP = IR - IR*D/100

Variables:

  • GR is the Group Rate ($)
  • IR is the individual rate ($)
  • D is the group rate discount (%)

To calculate Group Rate, multiply the individual rate by the discount rate, then subtract from the individual rate.

How to Calculate Group Rate?

The following steps outline how to calculate the Group Rate.

  1. First, determine the individual rate ($). 
  2. Next, determine the group rate discount (%). 
  3. Next, gather the formula from above = GRP = IR – IR*D/100.
  4. Finally, calculate the Group Rate.
  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.

individual rate ($) = 124

group rate discount (%) = 20