1. What is Percent Savings?

Percent savings measures how much you save on a purchase compared to the original price, expressed as a percentage. It helps consumers understand the true value of discounts and sales.

2. How Does the Calculator Work?

The calculator uses the percent savings formula:

Where:

• Original Price — The regular price before discount
• New Price — The sale or discounted price

Explanation: The formula calculates what percentage of the original price you're saving by paying the new price.

3. Importance of Calculating Savings

Details: Understanding percent savings helps with budgeting, comparing deals, and making informed purchasing decisions. It standardizes savings across different price points.

4. Using the Calculator

Tips: Enter the original price and the new price in dollars. Both values must be positive numbers, with the new price less than or equal to the original price.

5. Frequently Asked Questions (FAQ)

Q1: What does a negative percent savings mean?
A: A negative result means the new price is higher than the original price (you're paying more, not saving).

Q2: How is this different from percent discount?
A: They're essentially the same calculation - percent savings shows what you save, percent discount shows what's taken off.

Q3: What's considered a good percent savings?
A: This depends on the product, but generally 20%+ is considered a significant savings for most consumer goods.

Q4: Can I use this for salary negotiations?
A: Yes, you can calculate what percent you're saving if your new salary offer is lower than expected.

Q5: Does this work for bulk purchases?
A: Yes, enter the total original price and total new price for bulk items to calculate overall savings.