Calculate percentage of X, quick & simple.
Let's take a quick example here:
You have a Target coupon of $4993 and you need to know how much will you save on your purchase if the discount is 1 percent.
Solution:
Amount Saved = Original Price x Discount in Percent / 100
Amount Saved = (4993 x 1) / 100
Amount Saved = 4993 / 100
Amount Saved = $49.93 (answer).
In other words, a 1% discount for a purchase with an original price of $4993 equals $49.93 (Amount Saved), so you'll end up paying 4943.07.