What is the triple discount?
A triple discount serves to reduce some prices by a certain percentage. The calculation of these three discounts is based on the previous price, not on the basic one. How many times have we went to a store and admired an item of clothes? We notice we’ve grabbed a huge discount and that’s from three amazing discounts. But what is the true price of that thing after it has been cut three times?
This Triple Discount Calculator allows you to specify a cumulative discount. Each discount is computed from the price AFTER the preceding one was applied (and not from the initial price) (and not from the original price). A triple discount is a reduction in the price of an item by 3 consecutive reductions in sequence.
Triple discount formula
Enter the initial price, the 1st discount, 2nd discount, and 3rd discount to determine the final price of an item. The following formula is used to compute the ultimate price of an item enduring 3 distinct reductions.
FP = (IP-(IP*1D) – (IP-(IP*1D)*2D – (IP-(IP*1D) – (IP-(IP*1D)*2D*3D
How to compute a triple discount? Determine the reductions and original pricing. Gather the original price and all three reductions in percent. Calculate the price after the first discount. Take the original price and deduct the original price times the 1st discount. Calculate the price after the second discount. Take the price from step 2 and remove the price from step 2 times the 2nd discount. Calculate the final price. Take the price from step 3 and remove the price from step 3 times the 3rd discount.
Shares and VAT
Promotional sales are organized to attract customers. The regulations do not impose any restrictions on traders in the deviation of the promotional price from the usual selling price of the item. Calculation of VAT is always based and paid on the selling price. The calculation is related to a lower price if the product is on sale and its cost is lower.
‘Buy two products for the price of one, is a type of organization of promotional sales. ‘Pay two, the third for free’ or according to similar marketing rules. Still, it is always a matter of selling an individual item at a price lower than usual. ‘Stock‘ or ‘special sale’, is the unique mark that each product needs to have.
Subsequent granting of discounts on goods already sold is not common in retail. But is often in business relationships between manufacturers, wholesalers, and retail chains. Subsequent discount is granted due to earlier payment concerning the agreed deadline. As a bonus for a purchased quantity, when it is subsequently established. Goods do not correspond to the expected quality.
With subsequently approved discounts, it is possible to reduce the VAT calculated on the price before the discount. Only after the seller obtains written proof that the buyer has reduced his right to input tax in the appropriate amount. In this case, the seller and the buyer carry out correcting the previously issued invoice. If the subsequently approved discount on the price is related to several issued invoices. Invoice can not carry out the prescribed procedure, or the notification on the correction of input tax is missing. In that case, the seller has no right to reduce the base he charged VAT before the approved discount.
A double discount is defined as the final price of an item after distinct reductions have been added to the initial price. You occasionally offer or obtain a double discount, it’s one % on top of another, so if you want to find and calculate your double discount visit our Double Discount Calculator. Also, for more calculators in math, physics, finance, health, and more, visit our CalCon Calculator official page.