The Long Road

11/25/2003 Archived Entry: "Some Quick Math..."

100(1 - ((price you pay)/(full price))) = % saved

100(1 - (((US exchange rate)(sale price)(tax from customs))/((canadian sticker price)(15% tax)))) = % saved

100(1 - ((1.3)(0.6)(1.07))/(1.5)(1.15))) = % saved

100(1 - ((0.8346)/(1.72))) = % saved

100(1 - 0.48) = 52%

52% = Rayne spends hundreds of dollars!!!

Replies: 4 comments

if you spent hundreds of dollars, you still saved (hundreds of dollars)*(48/52), which is pretty good. with, you know, whatever it is you were... spending money on...

Posted by shawnathan @ 11/26/2003 12:13 AM EST

isn't the customs tax the gst (at least) ... so you wouldn't include 15% sales tax (i've been reading up on the gst ... i'm pretty sure that's how it works)

Posted by melpie @ 11/26/2003 11:51 AM EST

The last time I puchased something from the States, the only tax I got charged was the PST..or GST? Only one of them anyways.

But at a canadian shop you'd get both taxes, that's why the 15% is in the denominator.

Posted by Rayne @ 11/26/2003 05:45 PM EST

oops ... my bad

my math capabilities are definitely not what they once were

Posted by melpie @ 11/27/2003 10:04 AM EST