hang on, your stock is booked at 1.16 doesnt that mean RN the cards should be more expensive as it is 1.14 currently.
£1899 card - 12% margin = £1695
take VAT away = £1412
convert to $ @ 1.16 = $1637
now do the same convert back to £ under1.14 the same card should be £1930 which is an increase not a decrease.
anyway above is irrelevant as all your stocks are booked at 1.16 so the cards sold since day one to now all have same base cost given the same sku; there has been no VAT change; so the only thing that changes is retail margin or somehow you are getting discounts/subsidies from supplier/maunfacture.
£1899 card - 12% margin = £1695
take VAT away = £1412
convert to $ @ 1.16 = $1637
now do the same convert back to £ under1.14 the same card should be £1930 which is an increase not a decrease.
anyway above is irrelevant as all your stocks are booked at 1.16 so the cards sold since day one to now all have same base cost given the same sku; there has been no VAT change; so the only thing that changes is retail margin or somehow you are getting discounts/subsidies from supplier/maunfacture.
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