At 03:07 2014-06-11, Peter Cushing <[email protected]> wrote:
[snip]
Well the figure they have given you isn't 14% it is 12.28%. There must be another factor in the calculation to take it down to that.
No. It is that the percentages have different bases. 14% is based on the pretax amount. ~12.28% is based on the posttax amount.
A simple-number example might help. Take 100 and add 25% to it. You get 125. Take 125 and subtract 25% from it. You get 93.75, not 100. (The inverse to adding 25% is subtracting *20%*.)
[snip] Sincerely, Gene Wirchenko _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/ ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
