Triple Discount Calculator
Calculate the final price of an item after applying three successive discounts. See how stacking discounts can lead to big savings.
Bookmark this Calculator!
How to Use the Triple Discount Calculator
The Triple Discount Calculator helps you determine the final price of an item after applying multiple successive discounts. This is common during clearance sales or when you can stack coupons. A key thing to remember is that multiple discounts are applied sequentially, not added together.
The Misconception of Adding Discounts
Many people mistakenly believe that a 20% discount plus an additional 10% discount equals a 30% discount. This is incorrect. The second discount is applied to the already reduced price, not the original price.
The Correct Calculation Method
Here's how successive discounts are calculated:
- Apply the First Discount: Calculate the price after the first discount.
Price 1 = Original Price × (1 - Discount 1 / 100) - Apply the Second Discount: Apply the second discount to the new, lower price.
Price 2 = Price 1 × (1 - Discount 2 / 100) - Apply the Third Discount: Apply the third discount to the result from the previous step.
Final Price = Price 2 × (1 - Discount 3 / 100)
Practical Example
Imagine an item costs $200. It's on sale for 25% off, and you have an extra coupon for 10% off, plus a final 5% off for using a store card.
- Original Price: $200
- Discount 1: 25%
- Discount 2: 10%
- Discount 3: 5%
Let's calculate:
1. After 25% off: $200 × (1 - 0.25) = $200 × 0.75 = $150.00
2. After an additional 10% off: $150 × (1 - 0.10) = $150 × 0.90 = $135.00
3. After a final 5% off: $135 × (1 - 0.05) = $135 × 0.95 = $128.25
The final price is $128.25.
The total amount saved is $200 - $128.25 = $71.75. This represents an effective discount of 35.875%, not 40% (25 + 10 + 5).
Frequently Asked Questions (FAQ)
- Q: What if I only have two discounts?
- A: Simply leave the third discount field blank or enter '0'. The calculator will ignore it and calculate the result based on the first two discounts.
- Q: Does the order of discounts matter?
- A: No, the order in which you apply the percentage discounts does not change the final price. A 20% discount followed by a 10% discount is the same as a 10% discount followed by a 20% discount.
- Q: What is the "Effective Discount"?
- A: The effective discount is the single discount percentage that would give you the same final price. It's useful for understanding the true value of stacking multiple smaller discounts.
Similar Calculators
Estimate your self-employment taxes as a freelancer or independent contractor. Helps you plan for quarterly tax payments and avoid surprises.
Project the growth of your 401(k) retirement savings over time. See how contributions, employer match, and investment returns can impact your nest egg.
Project the future value of a 529 college savings plan. See how your contributions can grow over time to help fund educational expenses.
Calculate your business's accounting profit by subtracting total explicit costs from total revenue. A straightforward tool for assessing profitability based on your income statement.
Assess a company's earnings quality by calculating the accrual ratio. Use either the balance sheet or cash flow method to detect potential earnings manipulation.
Estimate the Actual Cash Value (ACV) of an asset for insurance purposes by calculating its replacement cost minus depreciation. Essential for property claims.
Estimate your potential profit and ROI when selling a product through Amazon FBA. Factor in seller fees, shipping costs, and product costs to assess viability.
Plan your loan payments with our amortization calculator. See a detailed schedule of your payments, including principal and interest, over the life of the loan. Perfect for mortgages, auto loans, and personal loans.
Explore Other Calculators
Calculate your car's 0-60 mph time based on its horsepower and weight.
Quickly calculate the date that is 100 days from a starting date. Perfect for tracking 100-day challenges or project milestones.
Find the date that is 120 days from any given start date. Useful for planning timelines, loan terms, and long-term projects.
Calculate the date that is 180 days (about six months) from a specific start date. Ideal for setting semi-annual goals or deadlines.
A simple tool to find the date that is exactly 30 days from a given start date. Commonly used for trial periods and monthly planning.
Quickly add or subtract 30 minutes from any given time. A handy tool for scheduling meetings, breaks, or appointments.
Find the date that is 45 days from a specific start date. Useful for tracking mid-quarter deadlines and other short-term goals.
Calculate the date that is exactly six months from a given start date. Perfect for planning semi-annual events, deadlines, or reviews.