The final example in their intro video doesn't make sense to me. Can someone explain it?
Here's the text:
price = $8 times 5 $40
fee = 8% 8 %
fee on price in Euro 39.48 EUR
What does that mean? "fee on price" should mean "fee times price", right? So 8% of $40. That's nowhere near 39.48 EUR. Could it mean "price after fee is deducted"? But if so, it must have been made during a time when EUR was worth almost 8% less than dollars? Did that ever happen?
Here's the text: price = $8 times 5 $40 fee = 8% 8 % fee on price in Euro 39.48 EUR
What does that mean? "fee on price" should mean "fee times price", right? So 8% of $40. That's nowhere near 39.48 EUR. Could it mean "price after fee is deducted"? But if so, it must have been made during a time when EUR was worth almost 8% less than dollars? Did that ever happen?