Tuesday, November 26, 2024
#19050 Dividing by .9 would make the final US Dollar price larger.
Posted by Craigj3534 on Sunday Feb 01, 2015 at 03:42PM in response to #19045
And that's how it's typically done when the Euro is worth more than the US Dollar: either multiply by the FX rate to get a price in Dollars or divide by the inverse of the FX rate to get the same price. In you example, either divide by 0.9 or multiply by the inverse, i.e., multiply by 1.111 (as 1/0.9 = 1.111).
However, after reducing the listed Euro price by the 19% VAT charges, adding only shared shipping costs, and reducing it by my volume discount, the final cost of the model in Euros is so much LOWER than the listed full price, that even multiplying by it by the FX rate of 1.12 - 1.14 results in a number lower than the LISTED number. So, for me and interested collectors, I recommend simply taking the full Euro price and multiplying it by 0.95. Very simple. But it is a rough price. For example, the Schuco RSR Porsches are listed for Euro 169.95. Take that number 169.95 and multiply by 0.95 and you get the number 161.42. That's very close to my price of US$160. Got it?
If you'd like, I'd be happy to email you - or even post - the full formula as I've got nothing to hide.
Responses
#19055 wasn't sure if it was a typo ... by
workhurts on
Tuesday Feb 03, 2015 at 11:39AM - If you are removing VAT then your math is spot on. I wasn't suggesting there was anything being 'hi #19340 What is VAT by
Troy Elliott on
Saturday Sep 05, 2015 at 02:25AM - What is VAT
#19087 No Subject by
on
Wednesday Feb 25, 2015 at 11:37AM - And that he has to email people back when he tells them he would.
Post a response to this message
©1997-2024 Kevin's Hobbies Ltd., Website Designed and Programmed by Kevin Pickell