Discount Amount
This calculated column uses a SharePoint formula to calculate the discount amount from a price and a discount rate. Because it lives in a calculated column, SharePoint fills the value in for every item automatically - no custom development and nothing for your users to type.
How It Works
- What it does: Multiplies Price by Discount % to give the money taken off.
- What you get: A currency amount – Price 100 at a 0.1 (10%) discount shows 10.
- If a value is missing: If Price or Discount % is blank, you get a blank or an error instead of an amount.
Common Use Cases
- Money off per line item
- Promotion tracking
- Quote discount columns
- Net-price calculations
Details
- Formula Type: Calculated Column
- Formula Category: Numbers & Money
Required Columns
| Display name | Column type |
|---|---|
| Price | Currency |
| Discount Amount | Calculated |
Prerequisites
- Create the column the formula reads: Price
- Add or edit a few items so there is data for the formula to work with
How to Apply the Formula
- Add a column, choose More…, then select Calculated (calculation based on other columns)
- Set the data type returned from this formula to Number
- Paste the formula below into the Formula box
- Click OK to create the column
Formula (Copy and Paste)
=[Price]*[Discount %]Common Questions About Discount Amount Formula
What does this formula do?
Money off from a rate. It lives in a calculated column, so SharePoint fills the value in automatically for every item.
Which columns do I need to set this up?
You need: Price (Currency), Discount % (Number). The formula reads these to produce its result.
Can I change the formula for my own columns?
Yes. Swap the column names in brackets for your own, and adjust any numbers or text.
If LookBook 365 is code-free and out-of-the-box, why does this example use a formula?
A SharePoint formula is native, declarative configuration, not custom development. It only works with the item’s own fields and simple logic – it cannot run scripts, reach external services, or change other data, and nothing is deployed to your tenant. It keeps working through Microsoft updates. If you would rather not set this up yourself, this is exactly the kind of thing I configure for clients.
