| Re: Math Formula Question - Need Ideas [message #184527 is a reply to message #184525] |
Sun, 05 January 2014 23:09   |
Adrienne Boswell
Messages: 25
Registered: October 2010
Karma:
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Junior Member |
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Jerry Stuckle <jstucklex(at)attglobal(dot)net> wrote
> On 1/5/2014 11:40 AM, Denis McMahon wrote:
>> On Sat, 04 Jan 2014 20:22:31 -0500, Jerry Stuckle wrote:
>>
>>> On 1/4/2014 7:54 PM, Denis McMahon wrote:
>>>> On Sun, 05 Jan 2014 00:26:08 +0000, Adrienne Boswell wrote:
>>>>
>>>> > I have a math question to which I can't find the answer. Here is
>>>> > the scenario:
>>>> >
>>>> > Someone goes to a store and has $100.00 worth of items. The
>>>> > merchant gives the customer a 10% discount, so only $90.00 is sent
>>>> > to the bank. Of the original amount, $10.00 goes to the customer
>>>> > for the discount, $80.00 goes to the merchant, $10.00 goes for a
>>>> > processing fee. But those amounts have to be calced on the
>>>> > original amount, not what the bank got. I need a formula to find
>>>> > the original amount if I have the
>>
>>> Actually, Denis, since the original statement was the processor gets
>>> $10, he would get $10/$90 or 11.11% of the sale.
>>
>> Yeah, I took the statement "those amounts have to be calced on the
>> original amount" as implying that the processing fee was being
>> calculated on the pre-discounted total, as was the discount.
>>
>> Which is what led me to querying the nature of the processing fee,
>> and whether given it's nature it's being calculated at the right
>> point, because I would expect that a [payment] processing fee would
>> normally be related to the amount of the actual transaction, which as
>> you say is $10 / $90 in this case.
>>
>> I'm also wondering if Adrienne is perhaps using the term "processing
>> fee" in a way other than that which I expect it to be used - we do
>> get the "some people use a slightly different english" problem here
>> occasionally.
>>
>> eg if "processing" was something like shipping and packing, $10 per
>> order, then it would be $10 regardless of the original amount or the
>> discounter amount, but then I wouldn't expect the processing fee to
>> be calculated from the transaction cost at all, I'd expect it to be
>> mainly a function of the total volume / weight and possibly item
>> count of the goods involved.
>>
>
> Agreed. The entire question isn't real clear - no wonder the OP is
> having problems with it.
>
I probably should have put processing in quotes, we're using that term
for something that includes membership fees, and other charges.
Sometimes, when you write a word correctly, it looks wrong, so you ask
someone else how to spell it. That's what happened to me here, I didn't
think I was doing it right and got myself all confused. I want to thank
everyone who responded for their help and confirming what I thought. I
feel better now.
--
Adrienne Boswell
Arbpen Web Site Design Services - http://www.cavalcade-of-coding.info/
The Good Plate - Fresh Gourmet Recipes - http://the-good-plate.com/
Please respond to the group so others can share
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