Oh you are right.
That means ordinarily if one redeems at the SPc counter, the discount is gonna be lower than 26.68%. Because the 6% rebate is calculated based on not the $78 but the $78 after cash rebate (whatever that number is...).
That means ordinarily if one redeems at the SPc counter, the discount is gonna be lower than 26.68%. Because the 6% rebate is calculated based on not the $78 but the $78 after cash rebate (whatever that number is...).
If gross is $100, $78 is the amount after TDVL discount.
How to get 28% since POSB card is applied on the nett amount $78 and not on the gross?
The POSB rebate is $4.68.
$4.68+$22=$26.68 discount.