This percent calculator estimates how much a percentage applied to a value represents, so you will get the absolute value that results after applying the percent to a given number.

 How much is: % of

## How to apply a percent to an absolute value?

Assuming a retailer offers a discount of 10% for an item at sale with an initial price of  \$120 let’s figure out with this percent calculator how much does that means, and then explain the formula and the calculation by hand.

So:

Initial price (IP) = \$120

Discount rate (DR) = 10% or in decimal format 10/100 = 0.1

Discount in absolute value (DAV) = 10% * 120 = 0.1 * 120 = \$12

Final price paid (FP) = \$120 - \$12 = \$108

Considering the example given above the formulas for such a calculation are:

1. Estimate the absolute value of how much a percent is out of a specific number DAV = DR% * IP or DR * IP * 0.01
2. Determine the number after the value of the percentage applied is taken off FP =  IP - DAV

Such percent calculations are often made:

• At shopping when trying to figure out an effective selling price;
• When comparing two or more offers from banks either related to loans or savings;
• When trying to determine the figure with costs and fees you will have on a bank transaction;
• When studying different social aspects.

13 Apr, 2015