RE: Discount Calculations

Jeff Cummings ( jcummings@foxinternet.net )
Wed, 18 Mar 1998 07:46:51 -0800

Another issue like this that I have seen is a quarterly rate, (can't
remember if discount applied or not) but the billing tab of the Emerald
client showed one amount, and the amount on the open invoice showed a
different. The difference was only a penny. I've seen it both ways (one
higher, the other lower, and visa versa)...

No big issue because we will go from the amount of the invoice.

Jeff
______________________________________________________________
Jeff Cummings
Fox Communications

jcummings.fox@foxinternet.net

On Tuesday, March 17, 1998 10:26 PM, Dale E. Reed Jr.
[SMTP:daler@iea-software.com] wrote:
> Robert H. Clugston wrote:
> >
> > Dear Dale,
> > I noticed that you calculate a semi-annual payment discount by
first
> > taking out the discount then multipling it by the number of months. For
> > some reason it's seems more logical to first multiple the payment by
the
> > number of months then take out the percentage. For example if I wanted
to
> > give 6 months for the price of 5:
> >
> > 16.67% discount for 6 months = 99.75
> > 16.67% discount for 6 months = 99.72 (with emerald)
>
> For some reason? :)
>
> The discount is designed to be taken from the monthly base rate. By
> this we mean if you sell an account for 19.95 and offer a 10%
> discount for quarterly, then its 10% of 19.95, not 19.95*x.
>
> It could be either way. Thats just the way we chose to do it.
>
> --
> Dale E. Reed Jr. (daler@iea-software.com)
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