Posted October 07, 2012
For myself, percentages have always been in reference to the value for which they are a percentage of, not percentages of percentages. So with us talking about 60% off and 50% off, I immediately read the statement to refer to the value for which they were percentages of, not one as a percentage of the other.
For example, when they raise taxes from 1 to 5% , they didn't raise them by 4%. They raised them by 400%.
When they raise taxes from 4 to 8 %, they increased them by 100% (the new tax is 200% of the original tax)
Post edited October 07, 2012 by keeveek