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I just recently got the Lowes card and am confused about how the discount works. I seem to be getting closer to 4.75%.
Here's a sample from a recent receipt:
ETN TWR ST GFCI 15A 125V | $ 22.07 |
Item #: 5195468 | |
23.17 Discount Ea -1.10 | |
1 @ 22.07 |
The way I read that, the item is normally $23.17 so I should have gotten a $1.16 discount. Instead I only received $1.10. Which not-so-coincidentally is 5.0% of the final price after the incorrect discount. I checked the site just now and $23.17 is in fact the correct price, it's not just a glitch on the receipt.
I'm tempted to contact them but surely they wouldn't have made such an obvious error and nobody else would have noticed it this whole time?
22.07 + (22.07 * 0.05) = 23.17
22.07/23.17 = 0.9525
1-0.9525 = ~4.75%
5% off regular price.
**
23.17 - (23.17 * 0.05) = 22.01
22.01/23.17 = 0.9499
1-0.9499 = ~5.00%
5% discount
Off vs Discount ?
@Kforce wrote:22.07 + (22.07 * 0.05) = 23.17
22.07/23.17 = 0.9525
1-0.9525 = ~4.75%
5% off regular price.
I'm not seeing the logic in this first block. It's 4.75% off regular price, not 5%? And even though I'm not following you quite yet, exaggerate the numbers with like 50% off and see if that still mentally works out OK with your approach?
Do not have the Lowes cards, have no real answer.
Just took the few numbers and tried to figure out how they were used to come up with the Lowes answer.
22.07 + (22.07 * 0.05) = 23.17
Uses all the numbers.
The math is correct.
Not sure what it means.
I understand that it is not a 5% discount (Price - (Price*5%))
On the web page they use the phrase off of price and never say discount, don't know what off means unless it is the above math.
Just trying to help with the numbers, not defending "Lowes"
Just read the small print and they do call it a 5% discount.
I agee you are not getting a 5% discount.
@Kforce wrote:Do not have the Lowes cards, have no real answer.
Just took the few numbers and tried to figure out how they were used to come up with the Lowes answer.
22.07 + (22.07 * 0.05) = 23.17
Uses all the numbers.
The math is correct.
Not sure what it means.
I understand that it is not a 5% discount (Price - (Price*5%))
But to start out with $22.07 is putting the cart before the horse. I'm not getting the distinction between "off" and "discount". Are they not the same?
Say they offered us 50% "off". By your logic (understanding that you're just trying to make their numbers work), you'd say the following?
15.45 + (15.45*0.50) = 23.17
$15.45 isn't half "off" $23.17 by any stretch of the imagination, whether you want to say "off" or "discount" or whatever.
You are correct, lowes has bad calculations for the discount.
I was just trying to use the numbers to see what they did.
"Discount" and "percent off" should be the same thing.
Why not call Lowes and see what they say.?
Makes no sense to me either.
This looks like the same item from Menards for $13.98
EVERYDAY LOW PRICE | $13.98 |
11% REBATE*Good Through 4/27/25 | $1.54 |
You Save $1.54 After Mail-In Rebate*
Comes in six colors
@FicoMike0 wrote:This looks like the same item from Menards for $13.98
Nah that Menards one isn't tamper resistant and weather resistant. That's why the Lowes one is substantially more. Although yeah I'd imagine Menards is going to be cheaper with most everything. That's just out of my way and I really hate their paper rebate stuff too.
I've never looked at my Lowes receipts to the level of checking their math, but I'll do that next time I buy from them. Let us know if you call and find anything out beyond that the CS reps have poor math skills.
@FlaDude wrote:I've never looked at my Lowes receipts to the level of checking their math, but I'll do that next time I buy from them. Let us know if you call and find anything out beyond that the CS reps have poor math skills.
I'm hesitant to call and talk to some foreigner about basic math. Their eyes would probably just glaze over and they'd be wondering w.t.h. the problem even is. Since I have to return something anyway I'll probably speak to a manager in person in the coming weeks and see what he says.
I noticed that the paper receipt does not show the original price. So if some confused person were to whip out a calculator and take 5% of the discountED price, they'd get the same (incorrect) answer and say "no it's right". It's only the online/emailed copy that shows the original price.
By the way you can look at your past purchases on the site and see if you got shorted as well. By default it just shows online purchases I think, but there's a button for past in-store ones too.