I agree that if Americans pay 2 % more than Mexicans, then Americans pay
102 % of what Mexicans pay. But we disagree on the next statement. I say
that Americans pay 0.02 times more since 2 % = 0.02. "Of" implies
multiplication as in "102 % of" whereas "more" implies addition--in this
case addition of 2 % of the basis.. But if you say that Americans pay
1.02 times more, you are saying they pay 102 % more, i.e., 2.02 times
the basis, not 1.02 times the basis.
Turn it around. If something is put on sale for "10 % off", that implies
subtraction of 10 % of the basis. One pays 0.90 times the base price, or
0.10 [times the base price] less.
Jim
kilopascal wrote:
....
> I'm sure something was "lost in the translation". That what was being said
> was that Americans pay 2 % more than Mexicans, thus Americans pay 102 % of
> what Mexicans pay. Or, 1.02 times more.
....
--
Metric Methods(SM) "Don't be late to metricate!"
James R. Frysinger, CAMS http://www.metricmethods.com/
10 Captiva Row e-mail: [EMAIL PROTECTED]
Charleston, SC 29407 phone/FAX: 843.225.6789
