Enter the total rebate ($) and the original amount ($) into the Calculator. The calculator will evaluate the Percent Rebate.
Percent Rebate Formula
PRB = RB / OA * 100
Variables:
- PRB is the Percent Rebate (%)
- RB is the total rebate ($)
- OA is the original amount ($)
To calculate the Percent Rebate, divide the total rebate by the original amount, then multiply by 100.
How to Calculate Percent Rebate?
The following steps outline how to calculate the Percent Rebate.
- First, determine the total rebate ($).
- Next, determine the original amount ($).
- Next, gather the formula from above = PRB = RB / OA * 100.
- Finally, calculate the Percent Rebate.
- 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.
total rebate ($) = 50
original amount ($) = 1000
FAQ
What is a Percent Rebate?
A Percent Rebate refers to the percentage of the original amount that is returned to the buyer as a rebate. It is calculated by dividing the total rebate amount by the original amount, then multiplying by 100 to get a percentage.
Why is calculating Percent Rebate important?
Calculating the Percent Rebate is important for consumers to understand how much of their initial expenditure is returned to them through rebates. It helps in comparing the effectiveness of different rebate offers and making informed purchasing decisions.
Can the formula for Percent Rebate be used for any type of rebate?
Yes, the formula for calculating Percent Rebate is versatile and can be used for various types of rebates, including rent rebates, cash back offers, and cash on cash returns, as long as you have the total rebate amount and the original amount.
Is there a difference between cash back and a rebate?
Yes, there is a difference. Cash back is typically a credit that is automatically applied to the purchaser’s account upon making a transaction, while a rebate often requires the purchaser to submit proof of purchase and wait for the rebate to be processed and mailed or electronically transferred.
