Calculating your savings as a Best Buy employee has never been easier. Use our Best Buy Employee Discount Calculator to instantly determine your “Cost + 5%” price and see exactly how much you save compared to the retail price.
Best Buy Employee Discount Calculator
Best Buy Employee Discount Formula
Price = Item Cost × 1.05
Source: Best Buy Official Careers & Employee Benefits Reference
Variables:
- Retail Price: The standard price listed for customers.
- Item Cost: The actual wholesale price Best Buy paid for the item.
- Markup (5%): The standard administrative fee added to the cost price for employees.
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What is the Best Buy Employee Discount?
The Best Buy employee discount is widely regarded as one of the best in the retail industry. It typically follows a “Cost + 5%” model. This means employees pay the wholesale price that Best Buy paid for the item, plus an additional 5% to cover shipping and handling.
Note that this discount applies primarily to items Best Buy buys and stocks. It may not apply to services, warranties (Geek Squad), or certain highly regulated third-party products like Apple devices or specific gaming consoles where margins are already razor-thin.
How to Calculate the Discount (Example)
- Find the wholesale cost of the item (accessible via the employee portal).
- Multiply the cost by 0.05 to find the 5% markup.
- Add that markup back to the original cost.
- Compare the result to the MSRP to find your total savings.
Frequently Asked Questions (FAQ)
When do I become eligible for the discount?
Typically, employees become eligible after 30 days of continuous employment.
Does it work on Apple products?
Usually no, as Apple products often have a cost price very close to the retail price.
Can friends and family use it?
No, the discount is strictly for the employee’s personal use or for gifts purchased by the employee.
Does it apply to Geek Squad services?
Employees often receive a different percentage-based discount (up to 50% off) on Geek Squad services rather than the Cost + 5% rule.