Most of the ones I've used work that way.

Sure can.

And yes I was stunned as well when I learned it, because that's not how it's taught in schools. I used to do exactly what the previous commenter did, and then one day I saw some illiterate mouthbreather type it in like that and I was like "nuh-uh, that's not how that works, gimme that thing and let me show you." And I typed it in the long and "correct" way, and whaddayaknow? Same result.

But it makes sense when you think about it, calculators were literally invented for business use (and most business people are notoriously bad at math), and one of the most common uses in business is figuring out how much something should cost after applying a discount.