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.

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