Actually, the ex-VAT price is £33.33 not £32 which is $52.14 - but I agree we should be comparing like with like.
English
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Vat is 20%
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Edited by Cerberus64: 8/16/2015 3:32:32 PMYes, I know - but it's 20% added to the wholesale price - not 20% taken off the retail price. So £40 is actually 120% of the wholesale price. (40/120)*100 = 33.33