Thread: Reducing VAT on e-boooks, to match printed books rates
View Single Post
Old 05-06-2020, 06:24 AM   #137
fjtorres
Grand Sorcerer
fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.fjtorres ought to be getting tired of karma fortunes by now.
 
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
Quote:
Originally Posted by AnotherCat View Post
Actually, if 20% VAT is removed the selling price drops by 16.7%, not by 20%.

For example, if an item is priced at $10 + 20% VAT = $12 selling price.
The $2 VAT is 16.7% of the $12 selling price, so if the VAT is removed the price drops 16.7%.
Hey, they're book sellers, not MBAs. You can't expect them to be too good with math.
fjtorres is offline   Reply With Quote