On Monday, February 17th, 2015, GunBroker.com released a fix to the site which corrected the Lost Cash Discount calculation when purchasing an item using a credit card. The Lost Cash Discount is an adjustment to the Item Price and is now correctly being calculated from the cost of the item ONLY. Previously, the Lost Cash Discount was calculated from the subtotal of the entire order (including tax, where applicable), which led to an under-collecting of sales tax.
|7% Tax||$7 (100 x 0.07)||3% Lost Cash Discount||$3 (100 x 0.03)|
|Insurance||$10||7% Tax||$7.21 (103x.0.07)|
|3% Lost Cash Discount||$3.51 (117 x 0.03)||Insurance||$10|