How does that spray work? Is it aerosol? If not, can you take it out,and use the cologne as a splash?

This particular bottle did not come with the option to remove the spray and use it as splash (my favorite thing!) Some of them do have that option, it may come with the larger bottles. I hope this helped!

I would like to know how this can be a real product since it is 1/3 the cost of the original?

We strive to offer you only the best brand names and highest quality products. We buy in volume, and have established relationships with distributors and manufacturers that allow us to buy great variety and offer discounted prices up to 80% off. We pass along the savings and selection to our customers. We do not comprise quality and we guarantee 100% satisfaction on all the products we sell. We proudly stand behind the authenticity of our products. Thank you, Beauty Encounter