## Double Discount Calculator (Formula)

The Double Discount Calculator is a tool used to determine the final price of an item after applying two successive discounts. The formula used in this calculator is as follows:

The subsequent formula enables the calculation of the ultimate price of an item after applying a double discount:

$FP=(IP−(IP∗1D)−(IP−(IP∗1D)∗2D$

Where:

- $FP$ represents the Final Price after both discounts.
- $IP$ is the Initial Price of the item.
- $1D$ is the percentage of the first discount.
- $2D$ is the percentage of the second discount.

**Here’s what each variable represents in the formula:**

- $FP$ is the final price of the item after both discounts have been applied.
- $IP$ represents the initial price of the item before any discounts are applied.
- $1D$ is the percentage of the first discount. It’s the percentage by which the initial price is reduced in the first step.
- $2D$ is the percentage of the second discount. It’s the percentage by which the price after the first discount is further reduced in the second step.

The formula essentially subtracts the first discount from the initial price and then applies the second discount to the resulting price. This allows you to calculate the final price of an item after two successive discounts have been taken into account.