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  post #1  
Old 05-14-2008, 11:49 AM
our.family.morgans our.family.morgans is offline

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Cvs MATH formula - Figuring OOP

Okay, I haven't seen this around, and I've checked it several times. Take a slip of paper with this formula with you and you'll make sure you use ECB's without losing part of them.
Sometimes I've had to re-work deals in the store and sit there and wonder about whether I'm doing it right...

ADD ALL ITEM's SUBTOTALs.
MINUS ( CVS STORE Coupons & ECB's You think you'll Use )
MULTIPLY THAT BY 1+STATE SALES TAX RATE [i.e. North Dakota is 1+ .0675 so x1.0675]
NOW SUBTRACT OFF MANUFACTURER's COUPONS
EQUALS - Your OOP

Ideally your OOP should be as close to 0 as possible, but keep in mind that your OOP will NEVER be lower than your Sales Tax that is added in step 3.

If I'm wrong on this, please let me know... It might just be helpful to carry an idex card with this infor on it with your coupons, so if you do have to re-work, it doesn't turn out too, too bad.
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  post #2  
Old 05-14-2008, 12:04 PM
amyo11 amyo11 is offline

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Thanks! This was driving me nuts with what was taxed and not before after which coupons etc. Especially here in Taxifornia! Will be useful!
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Old 05-14-2008, 12:51 PM
michele767 michele767 is offline

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Where in ND?

MULTIPLY THAT BY 1+STATE SALES TAX RATE [i.e. North Dakota is 1+ .0675 so x1.0675]

So I was wondering where in ND are you located?
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Old 05-14-2008, 12:53 PM
mrj0308 mrj0308 is offline

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Quote:
Originally Posted by our.family.morgans View Post
Okay, I haven't seen this around, and I've checked it several times. Take a slip of paper with this formula with you and you'll make sure you use ECB's without losing part of them.
Sometimes I've had to re-work deals in the store and sit there and wonder about whether I'm doing it right...

ADD ALL ITEM's SUBTOTALs.
MINUS ( CVS STORE Coupons & ECB's You think you'll Use )
MULTIPLY THAT BY 1+STATE SALES TAX RATE [i.e. North Dakota is 1+ .0675 so x1.0675]
NOW SUBTRACT OFF MANUFACTURER's COUPONS
EQUALS - Your OOP

Ideally your OOP should be as close to 0 as possible, but keep in mind that your OOP will NEVER be lower than your Sales Tax that is added in step 3.

If I'm wrong on this, please let me know... It might just be helpful to carry an idex card with this infor on it with your coupons, so if you do have to re-work, it doesn't turn out too, too bad.
why do you add the 1 to the sales tax?
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Old 05-14-2008, 01:17 PM
fourpack fourpack is offline

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Quote:
Originally Posted by mrj0308 View Post
why do you add the 1 to the sales tax?
because that gives you the total with the tax already added in, if you just multiply by the tax, you still have to add the tax to the total, saves a step..
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Old 05-14-2008, 02:01 PM
cjhar99 cjhar99 is offline

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This won't be 100% accurate if some items are not taxable.
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Old 05-14-2008, 08:13 PM
mygr8kiddos mygr8kiddos is offline

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Quote:
Originally Posted by amyo11 View Post
Thanks! This was driving me nuts with what was taxed and not before after which coupons etc. Especially here in Taxifornia! Will be useful!
Taxifornia, LOL!
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  post #8  
Old 05-14-2008, 08:20 PM
linz152 linz152 is offline

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Will this work even if you don't hand over ECBs until last? My store's manager won't accept ECBs until the very end (if you try to give them earlier and then hand over MQs they void off the ECB and then ring in the MQs and then re-ring the ECBs). I think it will, just wanting to make sure.

Thanks for this! This is helpful.

Linz
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Old 05-14-2008, 08:58 PM
SavingIsMyGame SavingIsMyGame is offline

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I walk around CVS w/my hand held calculator and if for some reason I forget it, I use my cell!!!!
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Old 05-14-2008, 09:00 PM
momof2plustwins momof2plustwins is offline

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Technically this won't be 100% accurate. Some coupons will remove tax for the item and others will not.

ETA: It is easiest to just figure your subtotal, minus your CVS $/$$, MFC Coupons & CVS Coupons. Then from your new subtotal figure the amount of ECBs you can use. Tax varies too much to make an accurate formula that will work for everyone, especially since some coupons may remove tax from the applicable product and some may not.

Last edited by momof2plustwins; 05-14-2008 at 09:03 PM. Reason: added additional info
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  post #11  
Old 05-15-2008, 01:28 AM
lochelle lochelle is offline

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i know i have used mfr's before to pay for tax..so yes..your OOP can be lower than the tax..
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