Forgetting the Subtraction Step:
A frequent mistake is to calculate the discount amount and think that's the final price. For a $50 item with a 20% discount, the discount is $10. This is the amount saved, not the final price. You must remember to subtract it: $50 - $10 = $40.
Applying Multiple Discounts
You cannot simply add percentages together for multiple discounts. For example, 30% off followed by an additional 20% off is not 50% off. You must apply the discounts sequentially. For a $100 item: first, decrease by 30% ($100 -> $70). Then, decrease the new price by 20% ($70 -> $56). The total discount is 44%, not 50%.