1. What is Percentage Saved?

Percentage saved is a financial metric that shows how much you've saved on a purchase compared to the original price, expressed as a percentage of the original price.

2. How Does the Calculator Work?

The calculator uses the percentage saved formula:

Where:

• \( Original\ Price \) — The initial price before discount
• \( New\ Price \) — The price after discount or sale

Explanation: The formula calculates what portion of the original price was saved, then converts it to a percentage.

3. Importance of Calculating Savings

Details: Knowing the percentage saved helps consumers compare discounts across different products and price points, making informed purchasing decisions.

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 equal to or less than the original price.

5. Frequently Asked Questions (FAQ)

Q1: What does a negative percentage mean?
A: A negative percentage means the "new" price is actually higher than the original price, indicating you paid more, not less.

Q2: How is this different from percentage discount?
A: They're essentially the same when talking about price reductions. Percentage saved is the result of the discount.

Q3: What's considered a good percentage saved?
A: Typically 20-30% is considered a good discount, though this varies by product category and individual budget.

Q4: Can I use this for multiple items?
A: This calculates savings for a single item. For multiple items, you'd need to sum their original and new prices first.

Q5: Does this account for taxes or fees?
A: No, this is based solely on the item prices. Additional costs would need to be factored in separately.