👉 Rebate computing refers to the process of calculating and applying discounts or rebates on a product's purchase price, effectively reducing the total cost for the consumer. When a consumer buys an item from a retailer, they may be eligible for various rebates such as store-specific coupons, loyalty program discounts, or promotional offers. These rebates are typically calculated based on the product's original price and the applicable discount rate, which can be a fixed percentage or a flat amount. The rebate is then subtracted from the original price, resulting in the final price the consumer pays. For instance, if a product costs $100 and offers a 20% rebate, the rebate amount would be $20, reducing the final price to $80. This process simplifies the purchasing experience by making it easier for consumers to understand their savings and ensures that retailers can offer competitive pricing while maintaining profit margins.
