Online petition to Canon about pricing

Hi gcogger again. Sorry I didn't see your reply earlier.

If I may comment on your reply, I'd like to say two things.

The operative word in that quote is "if". Mathematically, you still didn't demonstrate the price before VAT.

"The exchange rate I used was the one the banks use when transferring money between currencies"

Sorry, that's the definition of an exchange rate, not the basis of the rate you used for that calculation.


"Yes, you or I would get a less favourable rate, but it would be either above or below the Interbank rate depending on whether we wanted to convert £££ to $$$ or vice versa"

Sorry again. First, the Interbank rate is the rate for exchanging one million US dollars and above. Don't know about you, but I don't make these transactions very often.

Second, it doesn't matter if you are exchanging US$ for Pounds or vice versa. The market set these rates, not even the all mighty the US Federal Reserve can affect the exchange rate for more than an hour or two. And even that influence is due to the phyicology (spelling) of the market, not supply and demand of a certain currency.

I think we went too far with this subject.

To calculate price ex vat (with VAT at 17.5%) ....

5000 / 1.175 = 4255

Since I don't live in the UK I am not 100% certain of the VAT rate and can't be arsed looking it up. However gcogger stated that it is 17.5% and no one has challenged that. gcogger mentions that the best price he has seen is around £5000 and has clearly explained that 4255 would be the price without VAT. Why is his explanation not clear?

If a product costs 100 + 17.5% VAT then the total is 117.50 which is most simply calculated by price x 1.175 = price incl VAT. To reverse this calculation simply take the inclusive price and divide by 1.175 like so: 117.50/1.175=100.

Hence:
5000/1.175=4255.32

Simple!

opps

It's getting late and my brain isn't working.
just playing with a calculator;

100 + 17.5% = 117.50

117.50 - 17.5% = 96.93

huh?

#edit# and where does the 1.175 come from???

Under construction....need work on my math.

Sorry guys about that, especially to gcogger.

It's 1+ the vat rate.

i've had too much to drink tonight

my sluured brain is telling me that if a camera costs 5999.90 with vat, then I subtract 17.5% from that figure and I get 4949.91 which is the amount minus 17.5%

i need sleep

these were my earlier exchange rate calculations;

EF 50mm f/1.8 II. UK: £79.90 ($142.97) US: $74.95
EF 17-40mm f/4L USM. UK: £579.90 ($1,037.55) US: $689.95
EF 70-200mm f/2.8L IS UK: £1449.90 ($2,594.16) US: $1,649.95

now some fun.

uk prices without 17.5% VAT and USA prices unchanged.

EF 50mm f/1.8 II. UK: £68 ($122.27) US: $74.95 (UK $47.32 more)
EF 17-40mm f/4L USM. UK: £493.53 ($887.46) US: $689.95 (UK $197.51 more)
EF 70-200mm f/2.8L IS UK: £1233.95 ($2,218.88) US: $1,649.95 (UK $568.93 more)

If I were you DIJ, I would also show the "%" difference.

hahaha, bugger off! I'm off to bed now with my thick head

Allow me

50mm = 63%
17-40 = 29%
70-200 = 34%

I also get 31% for the popular 70-200 f/4 L, and 29% for the 28-135 IS. So it looks like most lenses are around 1/3 more in the UK (the 50mm being an exception).

I thought I'd try some popular Sigma lenses for comparison:
18-125 DC = 19%
15-30 EX = 17%
70-200 f/2.8 EX = 15%
50-500 (Bigma) = 12%

The Sigma prices may be OK - the trading regulations and company taxes are different in the 2 countries. It certainly seems that Canon increase their UK prices more than Sigma, however.

how many actual units of 10d's and 300d's were sold? Im guessing lots, ive met enough dumbasses with 10d's in school who shoot on automatic mode, i dont even bother thinking of them as people anymore...

what has that got to do with anything?

If there is auto or P mode on a camera there is no reason why one should not be able to use it. 1D has P mode, too. Am I a dumbass if I tell you I have used P mode now and then?