Permabanned
- Joined
- 8 Feb 2004
- Posts
- 4,539
MAKES MY BLOOD BOIL!!!!!!!!!
Poll: suspension from work
- Thread starter newgamer91
- Start date
MAKES MY BLOOD BOIL!!!!!!!!!
Soldato
- Joined
- 25 Mar 2004
- Posts
- 16,010
- Location
- Fareham
This is why we can't have nice things!
Associate
- Joined
- 19 Feb 2010
- Posts
- 1,937
- Location
- Nottingham
This thread is still going?
Ah **** it I really do not want to be necroing a dying thread but it is bugging me.
To our maths experts.
You want to buy a power drill it costs £100.
You buy a £100 gift card and get 20% off it costs you £80.
With that £100 gift card you buy the power drill and you use your discount card it costs £80. you get £20 change
You have spent £60
How much do you save as a percentage of that £100 ?
40%
To our maths experts.
You want to buy a power drill it costs £100.
You buy a £100 gift card and get 20% off it costs you £80.
With that £100 gift card you buy the power drill and you use your discount card it costs £80. you get £20 change
You have spent £60
How much do you save as a percentage of that £100 ?
40%
Associate
- Joined
- 29 Jul 2014
- Posts
- 539
Right.
That was my understanding.
However when I mentioned 40% I was reminded about the apparent 36% discount.
How has 36% discount been worked out? If you have a 20% discount and use it twice on a purchase (due to a loophole as the thread started did) that in essence is 40% discount
But you haven't spent £60.
You've spent £80 on £100 of vouchers. That means the remaining unused £20 of vouchers cost you £16. Which means that you've spent the other £64 on your £100 drill. Which means that you've had a 36% discount.
Soldato
- Joined
- 25 Mar 2004
- Posts
- 16,010
- Location
- Fareham
I think it depends if the 20% discount is applied before or after the gift card is applied.
If it's after then it's £100 - £20 (gift card) = £80. £80 * 0.8 = £64 and not £60.
If it's the other way around then it would be £60.
The top one is probably more likely to be the case.
If it's after then it's £100 - £20 (gift card) = £80. £80 * 0.8 = £64 and not £60.
If it's the other way around then it would be £60.
The top one is probably more likely to be the case.
He had some class unlike the......
Associate
- Joined
- 29 Jul 2014
- Posts
- 539
I think you're over complicating things, or maybe it's me.
In my mind in terms of discount the thread starter has had 40% discount.
He buys a £100 item but it costs £60 then he's had 40% discount.
Not sure why you'd work out how much physical money you've spent and try working out discount on remaining balance.
Ultimately from the stores point of view an item of £100 has been purchased for £60 using a loophole to achieve a discount of 40%
If on a £100 item you received a 36% discount then the item would cost you £64. And on a £100 gift card that would leave you with £36 left rather than £40.
Last edited:
How would the £60 one work then?
Ok: You pay £80 for £100 voucher.
You buy a £125 drill, applying your discount to bring the price down to £100. You use all your vouchers.
The store received £80 of actual real cash, in exchange for a £125 drill
80/125 = 0.64, or 64%
Buy a £100 gift card for £80. You have saved £20.
Go to the checkout with a £100 drill and pass them your £100 voucher and your discount card, drill now costs £80 and you have £20 change.
The £20 you saved at the start + the £20 change = £40.
I see how you are working out your way, but dont see how that would happen in real terms.
Bah nvm ignore me, reading back my own post made it click, durrr.
Last edited:
Do it with a £125 drill, so you use all your vouchers.
Soldato
- Joined
- 28 Oct 2003
- Posts
- 5,510
- Location
- Worthington-on-sea
Oops!
Think of it the other way round.
To buy the £100 drill you need a gift card worth £80 (£100-20%=£80)
To buy the £80 gift card you need to pay £64 (£80-20%=£64)
Therefore your £64 outlay for a £100 item equates to a 36% discount.
Yep you are correct, noticed it while reading back my own post, true spacker moment.
Anyway... BAN OP
Associate
- Joined
- 29 Jul 2014
- Posts
- 539
Ok two people have only 100 quid to spend.
Normal staff member buys a £125 drill, they use their 20% discount it costs them £100 of their money. They have nothing left to spend.
Thread starter went and bought a gift card with £125 of credit on, it cost him £100 last week.
He goes into the shop today to buy that £125 drill, at the checkout he get's 20% discount so drill gets sold for £100.
So both staff members have a receipt showing £100 for the drill after their 20% discount.
But thread starter is left with £25 credit on his card. In total the drill cost him £75 as he still has £25 quid left from the original £100 quid he spent. Yes it's on a gift card but ultimately he's spent £100 quid on a gift card and still has £25 quid left to spend in store.
40% of £125 is £50. £125 minus £50 is £75
Last edited:
Just started reading the post.
What happens if he already has a drill? Isnt he buying one for the sake of buying one? Confused
Not sure why you keep buying more vouchers than you have use for in these examples, other than to confuse yourself.
Anyway, what's he going to do with the remaining £25 vouchers? That's right: spend them on £31.25 of stock, which he will discount down to £25.
So, he will have given the store £100 of actual money, in exchange for a £125 drill, and £31.25 of other stock (£156.25 of stock in total)
So:
100/156.25 = 0.64, or 64%
Think carefully about it. What's important is how much cash has the store received, and how much stock has it sold.
- You buy a £100 voucher and with 20% discount it costs you £80.
- If you buy an item worth £125 and claim 20% discount it will cost you £100 (£100 voucher).
- You have bought an item worth £125 and only spent £80. You have received a discount of £45 (on a value of £125).
- You have received a 36% discount.
So in your example - you are assuming that you get £20 change, but you actually get a £20 voucher, which can be used to purchase something worth £25.
- You spend £80 and get an item worth £100 (the drill) and another item worth £25 (the £20 voucher).
Which is exactly the same as my example above (you've spent £80 and received something worth £125).
You have received a 36% discount (£45 off, from items worth £125).
Last edited: