What else would you even multiply, if not the price of the original item? That's how the price of the tariff itself is calculated. Multiplying by 1 is pointless, since it just returns the value of whatever other variable you multiply it with, to begin with.
But anyways, we're just arguing semantics. I am perfectly aware that we both know basic math. It was just your original phrasing that I found questionable.
Tariffs are added on. So you have a 25% tariff, you'd be paying +25% of the cost of the item. If you have a 150% tariff you'd be paying +1.5x the cost of the item.
You are multiplying by the price of the item to calculate the tariff, but aren't adding the price of the item as part of the tariff. A $10 item with a 110% tariff has a tariff value of $11, not $21. The answer is right there when converting from a percentage to a scalar:
Wouldn't it be "greater than two", if you're adding over 100% tariffs?
No. That is only if you include the price of the item in the total. For the tariffs themselves, it is just a percentage.
What else would you even multiply, if not the price of the original item? That's how the price of the tariff itself is calculated. Multiplying by 1 is pointless, since it just returns the value of whatever other variable you multiply it with, to begin with.
But anyways, we're just arguing semantics. I am perfectly aware that we both know basic math. It was just your original phrasing that I found questionable.
Tariffs are added on. So you have a 25% tariff, you'd be paying +25% of the cost of the item. If you have a 150% tariff you'd be paying +1.5x the cost of the item.
Obviously. Which would be the original price of the item, times 2.5.
He was talking about multiplication, not addition. If it's solely multiplication, then it's x * 2.5. If it's addition, then it's x+x * 1.5.
You are multiplying by the price of the item to calculate the tariff, but aren't adding the price of the item as part of the tariff. A $10 item with a 110% tariff has a tariff value of $11, not $21. The answer is right there when converting from a percentage to a scalar:
110% = 110/100
110/100 = 1.1
1.1 < 2
You're wrong. See my reply to u/hiddenempire.