The price is a fixed rate. It doesn't matter if you own any or all of the games.
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You don't get extra copies of games you already own and you pay full price. There are only a few games where you will get extra copies, they are listed here:
https://support.steampowered.com/kb_article.php?ref=4502-TPJL-2656
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I have a question about the bundle deals you see on Steam.
If you have some of the games in a bundle, are you still charged for them even though you can't use them or are the costs of those games removed from the overall cost?
Asking this because I see a decent bundle but I own about half the stuff already in it.
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