What is 5% Of £6.99?

[watchfan700uk]

According to Ebay I paid on 5% PL final price inc shipping £6.99

the exact sum taken  is £0.42

explain please.

5% of £6.99 is £0.3495

[roberpalme_236 · Accepted solution]

5% plus 20% VAT

35p plus 7p VAT =42p

[watchfan700uk]

Ah - thanks.

OK another question - what is the minimum % for PL standard? I know it went from 1% to 2% but lost track after that and ebay do not say when you are doing the listing.

[rainbowtrax]

It's still 2%.