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Thursday, November 27, 2008

2.5=2.1

Almost noone seems to notice that a drop of VAT from 17.5 to 15% is
not a 2.5% drop in the sales price but actually only 2.1%. You need to
divide 1.15 by 1.175 because VAT is on top of the seller's price.

Sent from my iPhone

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