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Sample Refunds

This is an example where a stock item was ordered, the customer changed their mind and returned the item.

Original Transaction

Product : Description : Quantity : Price
PPBNC8 - 8 Port BNC Patch Panel : 1 : 44.99

Subtotal : 44.99
Shipping : 7.50
TOTAL : 52.49

Refund Transaction

Original Subtotal ($44.99) minus 15%  : 38.24
TOTAL REFUND : 38.24

This is an example of a return/refund where the original transaction received a quantity discount.
Qty. 100 of an item is purchased and then qty. 10 of that item is returned.

Original Transaction

Original Item - Qty. 100 Purchased

Stock Number: PPD16-BNCB75IS

1-9 $98.83 ea.
10+ $93.89 ea.
25+ $91.42 ea.
50+ $88.95 ea.
100+ $86.48 ea.

Product : Description : Quantity : Price
PPD16-BNCB75IS - 1RU 16 Port BNC Patch Panel : 100 : 86.48

Subtotal : 8648.00
Shipping : 141.46
TOTAL : 8789.46

Refund Transaction

10 Panels returned at $86.48 each minus 15% = 735.80
90 Panels kept at proper price increase of $2.47 per panel = -222.30

TOTAL REFUND : 512.78

The Qty. 10 panels being returned were purchased at $86.48 each and are subject to the 15% restock fee
- total credit for the 10 panels returned is $735.80 ($864.80 - 15%).

The 90 panels not returned should have been $88.95 each (not the 100 rate of $86.48)
- the difference is $2.47 per panel - at 90 panels that total is $222.30 (90 times $2.47).

The obvious reason for this policy is to prevent the ordering of a large quantity of an item in order to receive the quantity discount and then returning the unneeded items.


accepted payments

VADCON, Inc.
PO Box 92414
Rochester, NY 14692
Phone: 800-899-9855
Fax: 888-411-0343

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