Price discounts are great for attracting consumers. They provide an extra incentive that influences consumers to buy the product. Consumers also perceive higher savings with higher discounts.
Discounts work on urgencies. They are available for a specific time. So, one has to buy in that specific period for saving.
Other than offering monetary gains, price discounts also have emotional effects. And in most cases, the emotion wins to make a purchase decision. The problem escalates further as the companies advertise it in multiple ways.
Let’s dig into the facts through the following probing questions.
What is the meaning of a flat 50% discount?
Many retailers use the phrase ‘Flat 50% discount’ for attracting buyers. They offer such sales on festive occasions, to introduce new arrivals, and for stock clearance sales. The phrase ‘flat 50% discount’ means that items under this offer will be sold at half of their original price. That is, if the normal price of an item is USD 1000 per unit, it will now be sold for USD 500 only. Here, the final sale value will be:
Normal price $ 1000
Discounted price $ 500
You save $ 500
What does flat 50% off mean?
It means that a product is sold at half of its actual price. When a retailer offers a 50% discount, it is on the total. Let us suppose that a retailer is giving 50% off on item A.
That means if the actual price of item A is $ 1000 , one will get it at $ 500 . Let us say that one has also purchased other items valued at $ 1000. So, the total will be as follows:
The actual cost of item ‘A’ $ 1000
Less: discount @ 50% $ 500
Net cost of item ‘A’ $ 500
Cost of Other items $ 1000
Total sale value $ 1500
You save $ 500
What’s the difference between 50% off and 50% flat?
Flat discounts are what the seller gives on total sales value. And ‘off’ discounts are offered for particular items.Suppose a seller offers a 50% flat discount.
It means the buyer will get a 50% discount on the total cost. And, when a seller offers 50% off, the buyer will get it on particular items.
He has to buy other items at the list price.
What is the difference between up to 50% off and 50% flat?
Such offers are generally of 2 types
One is up to 50% off, and the other is
Flat 50% off
When a retailer offers a flat 50% off, it means that they will give 50% discounts on all items. And, when the offer states up to 50% off it means that the discount offered could be anything from 0 to 50 %.
Suppose a retailer offers a flat 50% off, and you buy three items at $ 500, $ 300 , and $ 200. Your total bill will be:
$ 500 + $ 300 + $ 200 = $ 1000
Discount @ 50% $ 500
Total sales value $ 500
You Save $ 500
Now let us suppose that discount on 1st, 2nd, and 3rd item was 40%, 20%, and 10% respectively.
Price of the 1st item $ 500
Less 40% discount $ 200
Net price $ 300 ……..A
Price of the 2nd item $ 300
Less 20% discount $ 60
Net price $ 240 …….. B
Price of the 3rd item $ 200
Less 10% discount $20
Net price $ 180 …….. C
So total cost A+B+C $ 720
You save $ 280
How do I calculate 50% off?
‘Percent off’ and ‘discount’ are the same. One can learn to calculate discounts as given above. It is a useful mathematical skill. One can do this using calculator or can use the following external calculator link.
https://www.calculator.net/discount-calculator.html
Just insert the figure in the requisite field, and they will calculate instantly.
What is the meaning of up to 50% off?
It means discounts offered on different items are different. They may range anything from 0 to 50% on the price of any particular item. The retailer advertises in this way to make the offer sound better.
Which is better buy-one-get-one or 50% off?
In the buy-one-get-one offers, the initial purchase is affected at the full price. However, when a buyer gets the second one, they consider the initial purchase as 50% less than the normal price.
Here, buying decision of the consumer is affected by the word “FREE’, and makes the slogan appealing. As a result, most people think such offers a better deal. But it covers the fact that unless you want to get two items, you cannot enjoy the offer.
But in 50% off or 50% discount offers you can purchase one or more items as per requirement.
Is BOGO the same as 50% off?
These two offers are mathematically identical. But there is a catch. BOGO is mostly offered for clearing stocks.
Most grocery stores follow buy one get one for lowering their inventory. Consumers tend to make purchase decisions based on price-saving and stock-up characteristics of a product.
If stocking-up is not a problem the buyers will fall for BOGO. Else they tend to opt for price discounts.
Are 50% + 20% discounting equal to 70%?
Unfortunately, the answer is a big NO.
Suppose an item is priced at 1000$ comes under this offer.
The normal price of the item $ 1000
Less: discount @ 50% $ 500
Price after discounting $ 500
Less: discount @ 20% $ 100
Net price after discounting $ 400
You save $ 600
Whereas for 70% discount
The normal price of the item $ 1000
Less: discount @ 70% $ 700
Price after discounting $ 300
You save $ 700
Different companies, retailers, and shop owners always give such catchy slogans to attract customers and influence their thought processes.
Discount offers are made by the companies to boost up sales and not for consumers’ convenience. So, you must carefully go through the details of a discount offer before opting for that.
