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Discount is the exemption provided on the marked value of an object. Discount formula is used to find out the discount value in different cases. Learn about discount and its solved examples. Calculating the discount is one of the most useful mathematical skills. We will apply it to give the tips at a restaurant, and sales in stores, and also set rates for own services. This article will help students to understand the concept of discount and discount formula with examples. The discount calculator uses a product's original price and discount percentage to find the final price and the amount you save. The rebate or reduction offered on the marked price of an item or an article is called discount . The discount formula says list price minus selling price whereas discount rate is calculated by using the formula discount /list price " 100.