Target currently offers discounted prices via Cartwheel on a selection of products. One of the more significant price cuts for electronic merchandise is on the Xbox One.

It was previously reported that console prices will drop as the holidays approach. Now, less than three months away from the festivities, the first significant price cut for the Xbox One has surfaced.

A seasoned member of Slickdeals, an online community dedicated to sharing, reviewing and rating deals and coupons, posted instructions on how to take advantage of Cartwheel and get 15 percent off an Xbox 360 purchase from Target.

The deal is specific to a 500 GB Xbox One, along with its wireless controller, that is bundled with a copy of Gears of War: Ultimate Edition. Another title, NBA 2K16, is also included but as a "Free Gift," which will expire on October 10. Target lists the bundle for $349.99. However, with the 15 percent discount, the price is cut down to $297.49 dollars.

Before proceeding with the deal, note that it is limited to store purchases and does not apply when buying online. Target's store locator should help make the experience smoother. Moreover, the deal is subject to the store manager's approval.

Instructions to get a printable coupon for the price cut are detailed below.

1. Log in to Cartwheel either with a Target, Facebook or Google account.

2. Once logged in, hover the cursor over "All Offers." A drop-down list of product categories should appear.

3. Select "Electronics." The list of all electronic products that have discounted prices should appear.

4. Choose "Microsoft Xbox One Consoles" with the "15% off" superscript. At the moment of writing, there were 17 products listed. This specific offer was on the fourth row, third column.

5. Click on "Add." Once added, a notification - easily distinguishable because of the "1" inside a red circle - will pop up on the barcode image on the upper right of the page.

6. Click on the barcode image to view the selected offer.

7. Click on "Print Barcode," which is located on the upper right just below the profile menu.

8. Present what was printed to the store cashier when checking out. The receipt should reflect 15 percent off from the printable coupon.

An even easier way to do it is through the Cartwheel mobile app, which is available for both iOS and Android.

1. Using the app, search for "Microsoft Xbox One".

2. After the list is populated, choose the "15% Off Microsoft Xbox One Consoles."

3. Choose "Add."

4. Under "My barcode," search for the coupon.

5. A QR Code should be generated. Present this to the cashier when checking out.

6. The receipt should reflect 15 percent off with QR Code.

Note that the deal expires on Oct. 10, 2015. Cartwheel also lists an Xbox 360 bundle with 10 percent off its original price. The same methods can be used to avail of the discount.

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