So I have had it explained that Commission payouts are made minus the VAT for that country. However as in the example I have attached this seems to be much more than the VAT rate.
In this example it says originally £4.50, which using your formula as stated:
£4.50 5.50/1.20 = £3.75
However as you can see we received £3.19, after much calculation I can see that this is because it was sold during a sale and so was reduced by 15%.
Two issues:
- The margins in our prices section of our account are very misleading as they show gross earnings.
- Sale prices are not shown in statistics and the “Initially” price is incorrect.