Quote:
Originally Posted by bdesj
Mmmm....
p = .001 Pound?
"58.95p" = 58 Pounds + 95 pence?
Just so I understand what you`re telling us- I`ve never been clear on all the different English monetary units.
|
p = 1 pence, 1/100 (0.01) of a pound. Think p = cents, £ = $ in terms of units. Obviously exchange rates mean they are worth different monetary amounts.
So each litre has duty of 58.95 pence, and then VAT (sales tax) is added to that + the production cost + the retailer portion (5p).