Simple Percentage Discounts
A discount is applied by taking the percentage off the original price — either subtract the discount amount, or multiply by (100 − discount)%. The result is the actual price paid, which is what matters when comparing offers.
In this lesson
Simple Percentage Discounts is part of Percentages in Money. This preview shows how percentages connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Think about this money choice
Femi sees a toy marked '20% off' with an original price of 1500 in local currency.
How it works
To apply a percentage discount: find the discount amount by multiplying the original price by the percentage, then subtract it from the original price. Alternatively, subtract the percentage from 100 to find what fraction of the price you actually pay. A 20% discount means you pay 80% of the original.
Try a real-life example
Real-life money moment: Femi sees a toy marked '20% off' at 1500 in local currency. Method 1: 20% of 1500 in local currency = 300 in local currency. Sale price: 1500 in local currency − 300 in local currency = 1200 in local currency. Method 2: He pays 80% of 1500 in local currency = 1200 in local currency. Both give the same answer. He chooses the one that feels faster.
Activity preview
Practice funding your spending account
Open Requests and make a deposit request so you can see how money gets added before spending. Parent approval can happen later.
Quiz preview
A Simple Percentage Discount reduces the price by:
A shirt costs 6000 in local currency with 25% off. You will pay: