One common question when someone is looking for a deal is how much am I actually saving? It’s not always about the amount of dollars or pennies, sometimes it’s better to calculate by a percentage.
A general rule I like to follow myself as a blogger and as an everyday thrifty shopper is if it’s not at least 50% off then it’s not really a good deal. Now there are some exceptions to that rule like getting a discount on a gift card, finding deals on LEGO’s (sometimes these discounts can be awesome), or other miscellaneous items but generally I say 50% or MORE.
So how exactly can you figure out how to calculate your savings? Well it’s simple. It’s just a few short steps. I have provided an example for you below.
Take the Original amount of the item for example: A New Sweatshirt $39.99
Deduct your sale price from the original price. Let’s say it’s on sale for $9.99
Then divide your difference of the two prices by the original price to get your percentage in a decimal.
So the above equation would look like this: (original price) – (sale price) = (difference between two numbers) / (divided) by (original price) = number in a decimal which you can multiply by 100 to get your percentage in savings!
Example above: $39.99 – $9.99 = $30.00 / $39.99 = 0.75 or 75% off!
I hope this all helps you figure out how much you really save. I personally do this before I purchase anything it really helps me understand how much I am saving and how much of a good deal I am actually getting.