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Old 06-25-2012, 06:22 PM   #914
Wald07
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Posts: 452
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Join Date: Apr 2012
Location: Manitoba
Device: Nexux7 2nd Gen & Kobo Touch


Quote:
Originally Posted by mXb View Post
...but I got only around 45% off ???
Quote:
Originally Posted by Anak View Post
This is the difference between a sales tax and value added tax. VAT is always included into the sales price and not added afterwards (sales tax).
I always get the "full" discount, here 50%. I live in Europe.

Assumption: VAT: 5%
$ 10 * (100/105) * 50% * (105/100) = $ 5
$ 9.52 (w/o VAT) * 50% discount = $ 4.76 * 1.05 (add VAT) = $ 5
Yes, I was referring to sales tax. Not sure why else mXb would not get the "full" discount.
Yes, sales tax is added to actual purchase price, therefore explaining why a 50% code only seems to net a 45% discount.
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