Monday, January 23, 2012

How to Calculate Your Total Savings

I've been asked how to calculate your total savings on your grocery bill.

Here's a simple way to figure it out.

At the bottom of your grocery receipt, most stores will calculate the total you saved during your shopping trip.

To calculate your total savings into a percentage use this formula:

Total SAVED + Total Paid= TOTAL VALUE
Total Saved ÷ Total Value = PERCENTAGE YOU SAVED

For example (using my receipt from today):
Total Saved = $126.97
Total Paid = $81.89
Total Value = $208.86

$126.97 ÷ $208.86 = 0.60791918031 or 60% SAVINGS

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