So they say they are removing the VAT and then say they are reducing prices by 15%Surely they mean 13%
And then you have the whole argument that the reduced price still contains VAT so it is not actually removing the VAT anyway!
Oh, and whats the betting that come January, with VAT changing from 15% to 17.5% shops start adding 2.5% to the VAT inc price?
Percentages have got to be the most misunderstood yet also most abused sections of maths.
ReplyDeleteThe book "100% of Nothing" is a great read.
The thing that gets me is when someone describes something that is 10% of something else as "Ten times less" - that would be -900%! I've even heard it on the news, so it's not as if it was a spur-of-the-moment mistake.
ReplyDeleteAnd howcome when VAT went down, Pound Shops didn't become "97.9p Shops"?