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Lowes card 5% discount screwy calculation?

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core
Valued Contributor

Lowes card 5% discount screwy calculation?

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?

Message 1 of 15
14 REPLIES 14
Kforce
Valued Contributor

Re: Lowes card 5% discount screwy calculation?



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 ?   Smiley LOL

Message 2 of 15
core
Valued Contributor

Re: Lowes card 5% discount screwy calculation?


@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?

Message 3 of 15
Kforce
Valued Contributor

Re: Lowes card 5% discount screwy calculation?

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.

 

 

Message 4 of 15
core
Valued Contributor

Re: Lowes card 5% discount screwy calculation?


@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.

 

Message 5 of 15
Kforce
Valued Contributor

Re: Lowes card 5% discount screwy calculation?

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.?

  

Message 6 of 15
FicoMike0
Valued Contributor

Re: Lowes card 5% discount screwy calculation?

Makes no sense to me either.

This looks like the same item from Menards for $13.98

Legrand radiant® Thin 15-Amp Gray GFCI Outlet

Model Number: 1597GRYCCD12 Menards ® SKU: 3637145
EVERYDAY LOW PRICE$13.98
11% REBATE*Good Through 4/27/25$1.54
PRICE AFTER REBATE*$1244
each

You Save $1.54 After Mail-In Rebate*

Comes in six colors

https://www.menards.com/main/electrical/light-switches-dimmers-outlets/electrical-outlets/legrand-ra...

 

Message 7 of 15
core
Valued Contributor

Re: Lowes card 5% discount screwy calculation?


@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.

Message 8 of 15
FlaDude
Valued Contributor

Re: Lowes card 5% discount screwy calculation?

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.

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 40 years, open: 30 years; AAoA: 14 years
Amex Gold, Amex Blue, Amex ED, Amex Delta Blue, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA, Sync Lowes, total CL 203k
Message 9 of 15
core
Valued Contributor

Re: Lowes card 5% discount screwy calculation?


@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.

Message 10 of 15
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