(Sale Price * .7) != Royalty price

Discussion in 'iOS Programming' started by Mac Me Up, Oct 14, 2008.

  1. Mac Me Up macrumors regular

    Joined:
    Jun 25, 2005
    Location:
    Australia
    #1
    I'm an Australian developer, and one of my products sells for $2.49 AUD. For sales made in Australia and the royalty price is $1.58, also in Australian dollars.

    The thing I don't get is that $2.49 * .7 = $1.73, not $1.58, does anyone know why this is. I thought Apple only takes 30%?, that works out to more like 37% or so...unless GST or something is involved here.

    Does anyone else have this on their statements?
     
  2. Pring macrumors 6502

    Joined:
    Sep 17, 2003
    #2
    You subtract sales tax before either you or Apple gets a cut. That goes directly to the government :)
     
  3. Mac Me Up thread starter macrumors regular

    Joined:
    Jun 25, 2005
    Location:
    Australia
    #3
    aaah I'm an idiot, in the case of Australia
    (sale price *.9) *.7 = royalty price

    In english, take the GST off the sale price, then take apples 30% off that, and you get your cut. Makes perfect sense, thanks :D
     
  4. Sbrocket macrumors 65816

    Sbrocket

    Joined:
    Jun 3, 2007
    Location:
    /dev/null
    #4
    The exact royalty prices are given on the grid on iTunes Connect, and they don't always exactly match up (by a cent or two) with the 70% amount.
     

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