Understanding Percentages in Shopping

Percentages are super important when we shop, especially for figuring out sales and discounts. Knowing how to calculate percentages helps us spot good deals.

1. How to Calculate Discounts:

To find out how much money you save with a discount, you can use this simple formula:

• Discount Amount = Original Price × (Percentage Discount ÷ 100)

Let’s say there is a 20% discount on an item that costs £50. Here’s how you calculate it:

• £50 × (20 ÷ 100) = £10

So, after the discount, you would pay:

• £50 - £10 = £40

2. How to Calculate Price Increases:

If the price of an item goes up by a percentage, you can figure out the new price like this:

• New Price = Original Price × (1 + (Percentage Increase ÷ 100))

For example, if an item that costs £40 goes up by 15%, here’s how to find the new price:

• £40 × (1 + (15 ÷ 100)) = £46

3. Why This Matters for Shoppers:

Studies show that people are more likely to buy things when they see discounts of 30% or more. This shows just how important percentages are in influencing our shopping choices.

Knowing how to work with percentages helps you make better decisions with your money!