Computer nerd?

TomFrench

I know it's thick of me but here:

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1117017270,14468,

you wrote:

"Note for nerds
Yes I know technically it isn't really a 12% discount, as the points are an addition and therefore it’s actually the reciprocal discount at 10.8%. However as that'd really confuse lots of none maths nerds, I decided to make it seem simple.
"


Surely the 12 points = 12 p off the next purchase. Therefore if the next purchase is for £1 you save 12p which over the £2 is 5%

OR if you take into account the 12p on the second item going on the third = 24p/300 = 8%

I just don't see how you get the 10.8% which of course is 12p/112p

That's only valid if you spend £1.12 and you don't you spend £1.

Please explain...thanks

oliveoyl

you don't get money knocked off the £1, you get an additional 12p to spend, so you do spend £1.12 for every £1, maybe not at the same time, but in the long run that's how it works out. so the 12p/112p is right.