Issue 34: Quote online discount calcuation : Q#:987656820
Status:  Fixed
Owner:
Closed:  May 2009
Project Member Reported by saji.koy...@gmail.com, May 7, 2009
PRemium : 289.87 
Discount* Includes 20.00 % online discount of £61.51 :

20% of 289.87 is 57.97, where 61.51 is shown

Premium £283.50
Includes 20.00 % online discount of £58.06 : 
20% is 56.7 

Is it due to tax? As a user I feel, hiscox dont know calculation :) 


May 8, 2009
Project Member #1 ui.devt...@gmail.com
The discounted amount is calculated as follows =>  sum of premium of three covers x 
[100/(100-discount%) -1]

We cannot directly apply it on the total premium because this also takes into 
account the RED24 and the tax. 
Also the rippling down also needs to be taken into consideration.

We had sent a detailed mail on this to APT for review of the approach followed and 
APT was fine with the same. 
Thanks



Labels: -saji Anand
May 13, 2009
Project Member #2 ui.devt...@gmail.com
Marking it as fixed as per Anand's comments
Status: Fixed