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In other words, a 20% discount for an item with an original price of $100 is …Then, in 1934, the U.S. government revalued gold from $20.67 per ounce to $35 per ounce, raising the amount of paper money it took to buy one ounce to help improve its economy.Nov 30, 2023 · 61 Best Gifts Under $20 for Everyone on Your Shopping List Cheap but thoughtful present ideas for friends, family, and co-workers alike. By Jamie Kravitz and Jamie Ballard Updated: Nov 30, 2023 Amount Saved = Original Price x Discount in Percent / 100. So, Amount Saved = 80 x 20 / 100. Amount Saved = 1600 / 100. Amount Saved = $16 (answer). In other words, a 20% discount for an item with an original price of $80 is equal to $16 (Amount Saved). 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