On 14 May, 13:41, Chris wrote:
On 14 May, 00:05, Barry Salter wrote:





So, here we are with what would need to be done at a National Rail
station (again, LU is probably similar, but I can't comment on that).

Step 1a - Calculate ACTUAL number of days for the new ticket.

In this case, that's 12th May 2009 to 30th December 2009.

*From a calendar, that works out at 233 days.

Step 1b - Calculate base rate for the OLD ticket, to the nearest penny.

Already done in my previous post, but this is £968 (i.e. the original
price of the ticket) divided by 365 days, or £2.65.

Step 1c - Calculate credit due on OLD ticket.

£2.65 x 233 days = £617.45
Step 2a - Calculate cost of NEW ticket for the *same period* as the old one.

This would be £1136.00 for an Annual Zones 1 to 3 for 31st December 2008
to 30th December 2009.

Step 2b - Calculate the base rate for the NEW ticket.

Again, we've already done this, £1136 / 365 = £3.11 per day to the
nearest penny.

Step 2c - Calculate charge due for NEW ticket.

£3.11 x 233 days = £724.63.

Hmmm - isn't the base rate worked on *working* days - i.e. 260 in a
full year? 52 x 5?
Secondly, I think an allowance is then given for holidays - 4 weeks /
20 days?
So the base rate is worked out on 240 days in a year, I think....
.....

No, because the ticket was originally valid for 365 days. Seasons are
still valid on weekends, so why should they be excluded from the
calculations? The only time when this doesn't work is when you have
less time left on the ticket than the minimum that the refund will be
given for (I think this is four weeks for an annual, but that's just
from memory).