Wedding Forum - Percentage confusion??

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  1.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    Hiya ladies, need some help.. i got a rough price quote from my venue today however its a rough guide as they do not have the set price list for 2014 yet, and someone mentioned to me to expect a 20% price increase each financial year, however i'm not sure how much that will be, so does anyone know and how much extra i need to consider will be added to the aprox price quote i've been given.. thanks xx

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  2.  
    • Future Mrs Doublé
      CommentAuthorFuture Mrs Doublé
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    I would rather say an increase of 10% per year, so if you multiply every price by 1.3 it would give you approx amount in 3 years time.

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  3.  
    • x ashlil x
      CommentAuthorx ashlil x
      Just marriedBadgeBadge
     
    huh??? lysblanc that confused me lol. im not very good at maths. sorry i cant help claire x
  4.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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      edited
     
    well whats the quote.

    2011 £100 is £100

    with 20% increase each year!

    20% of £100 is £20

    so in 2012 it will be £120

    Then 20% of £120 is £24
    so in 2013 it will be £144

    and then 20% of £144 is £28.80

    So cost for 2014 will be £172.80

    So 20% increase each year will add £72.80 to each £100 over 3 years

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  5.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    I'm no good at maths hun so have no idea what that is? do you want me to post the aprox price i was given? x

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  6.  
    • CommentAuthortweedwedding
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    Can you not ask them to hold the prices for you if you book now? Might help make planning a bit easier x
  7.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    wel im hoping to put the deposit down in july so do you think i could ask or will they still add it because its 2 years and 8 months away? x

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  8.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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    unless they are talking about 20% increase each financial year for the original price - which would be a 60% increase on £100 meaning that your increase will only be £60

    So 2011 = £100
    and 2014 = £160

    Which to be honest isnt a great difference to the original calculation of = £172.80

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  9.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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    tell me your quote (if you dont mind) and I can tell you what you should need to save for x

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  10.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    The price quote i was given is £12,702.00 x

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  11.  
    • mitch2509
      CommentAuthormitch2509
      Just marriedBadgeBadge
     
    my venue has a 3% increse every year... 20% is a bit harsh!? are you sure its gonna be 20%




  12.  
    • mitch2509
      CommentAuthormitch2509
      Just marriedBadgeBadge
     
    other wish you will be paying a fortune ! nearly 7k extra (i think ??)




  13.  
    • barbie86
      CommentAuthorbarbie86
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    20% increase is excessive; most we've looked at it's been 10% at most, are you sure it's 20%?

    We've actually managed to get venues to give us fixed quotes for 2014; one venue has fixed their prices at this years rates, and given us fixed prices for the bedrooms (it's a hotel and we have to book the whole thing inc bedrooms); another 2 have given projected quotes, one for £102 pp (this year's prices are £98 pp), and another up 5% on this years prices. It's worth trying to haggle IMO; just make sure everything is written clearly into the contract.
  14.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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    ok so

    if you got married in 2011 you would pay

    £12,702.00

    If you got married in 2012 you would pay (20% increase)

    £15,242.40

    If you got married in 2013 you would pay (20% increase on 2012 price)

    £18,290.88

    If you got married in 2014 you would pay (20% increase on 2013 price)

    £21,889.06

    This looks to me like a Substantial rise in costs - And I would talk to them first as the information you have been given may be wrong.
    For a cost to increase by this much in 3 years seems a little silly an 20% does sound like a lot to increase by.

    Unless as I mentioned it was a 20% increase of the original cost applied x 3 (years) which would be 20% of 12,702.00 = £2540.40 x 3 = £7,621.20
    Which would give you a total of
    £12,702.00 + £7,621.20 (which is 60% on the original 2011 quote) = £20,323.20

    I hope that makes sense.

    To find out the percentage of any figure all you need to do is this:

    take your figure £500 and divide it by 100 then multiply the answer by the percentage you want.
    For Example:

    I want to find out what 20% of £500 is:

    500 / 100 = 5

    5 x 20 = 100

    20% of £500 is £100

    Or The 12% of £156 is:

    156 / 100 = 1.56

    1.56 x 12 = 18.72

    12% of £156 is £18.72.

    Hope that helps

    (SO sorry if Im patronising!)

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  15.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    The above quotation is inclusive of VAT at a rate of 20%... that was incuded in my email i'm not sure if there is anything else that i should ask with regards to increse? x

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  16.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    I just emailed the lady and her reply was this...?



    I already marked the prices up by around £2 on food and drinks and £200 on the venue fee but as I say this is a bit of a rough guess it shouldn't much more or less than what I have quoted.


    Many Thanks
    Rachael

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  17.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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    oh well that sounds a hell of a lot more reasonable!!!!

    As many girls have said on other threads though - you should try and pin a price down - if you are booking it now you dont want to be in for a big shock come 2014!!

    They need to understand that they cant just expect you to be ok with them having free reign on what the final cost will be.

    You need to read the contract carefully.

    Someone mentioned in another thread the other day of how they pulled out of their venue and it was only by chance they hadnt signed the contract and if they had have signed it they would have had to pay the 100% of the fee if the venue were not able to book another wedding on that date!!!!

    so just be careful - you dont want to sign anything that says that prices could change because they are then free to say
    'OK we told you it would be this much but actually now it will be 200% more!!!' leaving you in an awful position because by then you would have your invites out - people booked hotels, flowers done etc everything - so if you cancelled it wouldnt just be the venue you would be losing.

    just to warn you - Im sure you already knew this - I didnt know this till I read some peoples horror stories on here!!

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  18.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    I had a rough idea thanks tho hun.. I'm hoping to put my deposit down in july, its £500 and that will be taken off final price.. so do you thinks its worth asking her when i go to venue to put deposit down if they'll give me a fixed price for 2011? will they give me a contract when i put deposit down? x

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    Tomorrow is never promised to anyone, So Dance until your
    feet ache, Laugh until your side hurts,
    Say I Love You to those you love
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  19.  
    • Rhiannonollie
      CommentAuthorRhiannonollie
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    eeekkk, I'll be honest I dont know - My mum organised everything for me and I have no idea what the deal is with our venue sorry! x

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  20.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    Ah crumbs, no worries hopefully another ladie will comment so i might know :0)

    Just now got to try getting rough prices for photographer and car hire and cake, i dont think i need any other quotes for anything else do i becaue that venue price includes as followes...

    : Reception Drink
    : Three course wedding breakfast
    : Meal wine
    : Toast Wine
    : Tea/coffee and after dinner mints
    : Evening Buffet
    : DJ
    : Chair Covers
    : Childrens Meal
    And venue fee

    Members signature icon
    Tomorrow is never promised to anyone, So Dance until your
    feet ache, Laugh until your side hurts,
    Say I Love You to those you love
    For tomorrow may never come x
  21.  
    • DeeC
      CommentAuthorDeeC
      Just marriedBadgeBadge
     
    We booked our venue for July next year and this is one thing I'm worried about as they won't hold thier prices for us. We have paid our deposit now, although I went on and on to the manager saying how do I know you won't charge alkinds next year and made him get the books out for previous years. I think in 6 years each thing(starter, main, drink package etc) had gone up no more than two pound. He said to expect no more than 50p each thing rise in price by next year. Maybe you could ask your venue to show your thier increases over the years just so you could see for yourself.
  22.  
    • MrsC.Wade2B
      CommentAuthorMrsC.Wade2B
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    Thanks DeeC i'll jot that down on a list of questions to ask venue x

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    Tomorrow is never promised to anyone, So Dance until your
    feet ache, Laugh until your side hurts,
    Say I Love You to those you love
    For tomorrow may never come x
  23.  
    • suzky123
      CommentAuthorsuzky123
      Ticker backgroundIs poweruserJust marriedBadgeBadgeTicker foreground
     
    i agree... its normally 10% and thats what our venue are charging for each year.

    cant wait to be Mrs Evans less than 3 weeks woooo
    start weight 10st 1.5 lbs
    weight now 8st 4.5 lbs
    total loss to date: 24.5 lbs now need to maintain!
 

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