How do you calculate 3% off a price?

Unlocking the Secrets of Discounts: A Mathematical Adventure

In the realm of shopping and savings, mastering the art of calculating discounts is an invaluable skill. One such discount that often arises is 3% off. Unraveling the mathematical formula behind this seemingly complex calculation is like embarking on an adventure filled with percentages and subtractions.

The Secret Formula: A Step-by-Step Guide

Like an alchemist transforming base materials into gold, we begin our discount calculation by converting the 3% into a decimal. Simply divide 3 by 100, resulting in the decimal 0.03. This decimal represents the fraction of the original price we will be deducting.

Next, we multiply this decimal by the original price. For example, if the original price is $100, we would calculate 0.03 x $100 = $3. This multiplication reveals the discounted amount, the amount we will be saving.

The final step is to subtract this discounted amount from the original price. In our example, we would subtract $3 from $100, resulting in a discounted price of $97. This is the price we would pay after applying the 3% discount.

Additional Insights: Percentage vs Decimal

Understanding the relationship between percentages and decimals is crucial in discount calculations. A percentage is a fraction expressed as a hundredth, while a decimal is a fraction expressed with a decimal point.

For instance, 3% is equivalent to 0.03 as a decimal. This means that 3% off a price is the same as deducting 0.03 times the original price.

Conclusion: A Triumph in Discount Mastery

Equipped with this newfound knowledge, we can confidently venture into the world of discounts, armed with the power to calculate 3% off any price. Whether it’s a coveted pair of shoes or a tantalizing meal, unlocking the secrets of discounts empowers us to maximize our savings, making every purchase a delightful adventure in thriftiness.