👉 Rebate math involves calculating the final price of an item after a discount is applied, often in conjunction with additional incentives like free shipping or extended warranties. To compute the rebate, first determine the total discount amount by multiplying the original price by the discount rate (expressed as a decimal). Then, subtract this discount from the original price. If there are further incentives, such as free shipping or a warranty discount, apply those sequentially to the reduced price. For example, if an item costs $100 with a 20% discount and free shipping (worth $10), the total rebate is $30 (20% of $100), bringing the final price to $70 ($100 - $30).
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What is the definition of Rebates Math? 🙋
👉 Rebate math involves calculating the amount of a discount or savings you receive after applying a rebate to an original price. First, determine the total discount offered by the rebate, which is typically expressed as a percentage or a dollar amount. Next, subtract this discount from the original price to find the reduced price. Finally, calculate the rebate amount by subtracting the reduced price from the original price. For example, if an item costs $200 and has a 20% rebate, the rebate amount is $40 ($200
0.20), making the final price $160.
