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Points vs. Cash Discounts: Which Is Better?

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This calculates which is more advantageous: point rewards or cash discounts.
Compares which is better: earning reward points on the 1st purchase and spending all of them on the 2nd purchase, or receiving cash discounts on both of the 2 purchases.
[1] Purchase Price
Yen
Point Rebate Rate
%
Cash Discount Rate
%
[2] Cash discount rate
%
Total Payment (Cash Discount) Yen % Discount
Total Payment (Point Rebate) Yen % Discount
Which is better?  
If you use points to purchase an item, you will not earn new points; therefore, even if the points reward rate is higher than the cash discount rate, there are cases where you may end up losing out.

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Points vs. Cash Discounts: Which Is Better? | Keisan