How do I calculate percentage saved?

I found a product for $6,998.00, and have a bid in for $4,826.00. How do I figure out the percentage this saves me?How do I calculate percentage saved?
Divide the bid by the original cost.



$4826/6998 = 0.6896256...



That means you're spending about 69% of the total cost.

100% - 68.9% = savings of 31%



To check your work, multiply the original price by the percentage saved:

$6998 x 0.3103744 = $2172

It's the same as the difference between what you're paying and the original cost ($6998 - 4826), so it is accurate.



I hope your bid works out!How do I calculate percentage saved?
1 - (x/y) = z, Where "x" is the bid and "y" is the full price, "z" is the percent saved.



x/y= percent spent



for example if the full price is $100

and you bid $60

then 60 / 100 = .6 or 60% this is the percent SPENT



1-(x/y) = percent saved

for example if the full price is $100

and you bid $60

then 1- (60 / 100) = percent SAVED

1 -(.6)= percent saved

1-.6=.4 or 40% savings