On 19/09/2017 17:26, Larry Martell wrote:
On Tue, Sep 19, 2017 at 10:30 AM, D'Arcy Cain <da...@vybenetworks.com> wrote:
On 09/19/2017 06:46 AM, Larry Martell wrote:
True story - the other day I was in a store and my total was $10.12. I
One time I was at a cash with three or four items which were taxable. The
cashier rung each one up and hit the total button. She turned to me and
said something like "$23.42 please." She was surprised to see that I was
already standing there with $23.42 in my hand. "How did you do that" she
asked. She must have thought it was a magic trick.
I was just in a clothing store this weekend and there was a rack of
clothes that was 50%. The sales clerk said everything on that rack was
an additional 25% off, so it's 75% off the original price. I asked is
it 75% off the original price or 25% off the 50% of the price. Said
it's the same thing. I said no it's not. She insisted it was. I said
no, let's take a simple example. If it was $100 and it was 75% off it
would be $25. But if it's 50% off and then 25% off that it will be
$37.50. She looked totally dumbfounded.
Most people (in the general population, doubtless not in this group)
seem to be confused about things like that.
Your house has gone down in value by 30% this year; it will need to
increase by 43% to be back where it was last year, not 30%.
Value-Added-Tax in the UK increased from 17.5% to 20%, everyone was
talking about a 2.5% increase in prices. The increase would actually be
just over 2.1% (a £100 ex-VAT price increases from £117.50 to £120.00).
Etc.
--
bartc
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