[ianferrel]

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?

[tcskeptic]

I suspect it means $40USD in Euro (at about .914 to the dollar) then add 8% to that amount.

5 * 8 = 40 40 * .914 = 36.56 36.56 * 1.08 = 39.48 (ish)

[ianferrel]

Thanks! That is not an obvious conversion from natural language to math to me, but it does seem like the one they must be using.