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Question:
I have a Charge, with my price conveniently set to $31. If I happen to have a prorated period of 15 days in a 31-day month, I'd expect the charge to be $15, but it's actually $16.61.
How is this calculated?
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The trick is, it's the start month's number of days that matters. Since the prorated period 03/01/2017 - 03/15/2017 is actually the end of a full period before the next one starts, the full period would be 02/16/2017 - 03/15/2017.
And since the start month is February, and it's number of days is 28, that will be used in the proration formula:
31 / 28 * 15 = 16.6071428
... that is indeed 16.61 if we round it up to two decimals.
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The trick is, it's the start month's number of days that matters. Since the prorated period 03/01/2017 - 03/15/2017 is actually the end of a full period before the next one starts, the full period would be 02/16/2017 - 03/15/2017.
And since the start month is February, and it's number of days is 28, that will be used in the proration formula:
31 / 28 * 15 = 16.6071428
... that is indeed 16.61 if we round it up to two decimals.
If you found my answer helpful, please give me a kudo ↑
Help others find answers faster by accepting my post as a solution √