Enter the original price, the 1st discount, 2nd discount, and 3rd discount to calculate the final price of an item.
Triple Discount Formula
The following formula is used to calculate the final price of a good undergoing 3 different discounts.
FP = (IP-(IP*1D) – (IP-(IP*1D)*2D – (IP-(IP*1D) – (IP-(IP*1D)*2D*3D
- Where FP is the final price
- 1D is the first discount
- 2D is the second discount
- 3D is the third discount
Triple Discount Definition
A triple discount is a reduction in the price of a good by 3 separate reductions in sequence.
How to calculate triple discount?
How to calculate a triple discount
- Determine the discounts and original price
Gather the original price and all three discounts in %.
- Calculate the price after the first discount.
Take the original price and subtract the original price times the 1st discount.
- Calculate the price after the second discount
Take the price from step 2 and subtract the price from step 2 times the 2nd discount.
- Calculate the final price.
Take the price from step 3 and subtract the price from step 3 times the 3rd discount.
FAQ
What is a triple discount?
A triple discount refers to the process of applying three sequential discounts to the original price of an item. This method reduces the initial price in three separate stages, each with its own discount percentage.
How do you calculate the final price after applying multiple discounts?
To calculate the final price after multiple discounts, you subtract each discount from the price sequentially. For a triple discount, you first apply the first discount to the original price, then apply the second discount to the new subtotal, and finally, apply the third discount to the last subtotal to get the final price.
Can the order of discounts affect the final price of an item?
Yes, the order of discounts can affect the final price. Applying a larger discount first will typically result in a lower final price than starting with a smaller discount. However, in the case of sequential discounts like in a triple discount scenario, the order is predetermined.
