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Mr. RoC · 11 March 2013, 08:22 PM

I recently had a discussion/debate with a few co-workers on (general) product discount and sales tax and it seems like a "half full... half empty" point of view.

Scenario:

Item: $23,000 MSRP
Province Sales Tax: 13%
Discount: 25% off
Final Price Paid: $1949.25

Person #1: Says sales tax(s) is a separate entity and should not be part of the equation as everyone pays taxes even the store owner when they brought the product into the store and the store is not going to pay the sales tax for you so the discount is still 25% off.

Person #2: Says the "real" discount is 12% off because you're paying 13% sales tax. A "true" 25% off discount would have had a final price paid and not a penny more would have been $17250.00

So what is your take on this... Person #1 (Half Full) or Person #2 (Half Empty) correct?

11 March 2013, 08:22 PM	#1
Mr. RoC "TRF" Member Join Date: Mar 2012 Location: Canada Watch: where you're going Posts: 277	Product discount and sales tax(s) question. I recently had a discussion/debate with a few co-workers on (general) product discount and sales tax and it seems like a "half full... half empty" point of view. Scenario: Item: $23,000 MSRP Province Sales Tax: 13% Discount: 25% off Final Price Paid: $1949.25 Person #1: Says sales tax(s) is a separate entity and should not be part of the equation as everyone pays taxes even the store owner when they brought the product into the store and the store is not going to pay the sales tax for you so the discount is still 25% off. Person #2: Says the "real" discount is 12% off because you're paying 13% sales tax. A "true" 25% off discount would have had a final price paid and not a penny more would have been $17250.00 So what is your take on this... Person #1 (Half Full) or Person #2 (Half Empty) correct? __________________ 1993 Tag Heuer S/EL Professional 200 Two-Tone (SOLD) 1997 Omega Seamaster Professional Mid-Size 1120 cal. (SOLD) 2012 Rolex Explorer 39mm 214270 2012 G-Shock GW-2310FB-1 2013 Rolex Submariner Date 116610LN

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