Math Wizards

whoDEANie

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Let's try something different...

Before tax: $4321
After 10% tax: $4753.10
After 12% tax: $4839.52

Difference in tax paid = $86.42 which is 2% of $4321

The tax rate was increased by 20% but only equates to a 2% difference in your pocket.
 

j335

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If I used to pay $10 bucks for something, then price goes up to say...$12 bucks.

Is that a 2 percent more or a 20% more??
Bahaha, wicked. Percent change is the way to compare an old value to a new one, so the formula is as follows: ((New Value - Old Value)/ Old Value) x 100%... So in your case ((12 - 10)/10) x 100% = 20%. So you payed a 20% higher price than previously. In short everyone NDP will raise corporate taxes 2 percentage points (absolute change), but the relative change in interest is (12% - 10%)/10% = 20% (this is the actual percentage). Oldest trick in the book boys.
 
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imdoo'n

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are these bastages going to raise trail fees? another 20%
 

niner

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20% of $10 is $2. What do I win?
 

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niner

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If it's done correct no need for a pencil....
 

niner

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Actually I did it in my head but was taught to always show my work...
 

Stompin Tom

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Let's try something different...

Before tax: $4321
After 10% tax: $4753.10
After 12% tax: $4839.52

Difference in tax paid = $86.42 which is 2% of $4321

The tax rate was increased by 20% but only equates to a 2% difference in your pocket.
Which is totally irrelevant to the original question.

I used to pay 10 dollars, I now pay 12 dollars, that is a 20 percent increase.
 

lilduke

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S&M needs a math thread.

If you are sitting on the couch and you get up and go to the fridge and grab a beer how fast are you moving?

Edit: You are 10m from the fridge and it takes you 5 seconds to get there and you are 300million Km from the sun ext...lol
 
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