About Predicted Profit
It’s BS – how can PROFIT be calculated? This is only NET RETURN on the sale.
In other words: if I buy a product at 1 silver and sell it for 2 silver, the BLTC system will not tell me I’ve made 1 silver profit, but 2. (ignoring taxation in this example for simplicity)
One reason that’s not entirely applicable is that most people who are selling an item probably farmed it rather than bought it, Allisa.
As for not including the listing fee, that also makes some sense, though it should still be more clear than it is. After all, it’s telling you the approximate amount you’re going to end up with in the TP after the item sells – the listing fee, on the other hand, is paid right now, not later.
Perhaps a better label would be “Projected after-tax Revenue”?
Also, a more important issue with this display is that it is actually highly inconsistent, as was discussed in this thread: https://forum-en.gw2archive.eu/forum/game/bltc/estemated-profit/first#post396440
To quote myself from that thread,
However, it seems that the “Projected Profit” is inconsistent and works differently for different prices. Here’s what it reports as the profit when type different prices for a quantity of 100 units; prices are 1c, 2c, 3c, and so on (units are coppers, dropped for convenience):
1) 90
2) 100
3) 200
4) 300
5) 400
6) 500
7) 600
8) 700
9) 800
10) 900
11) 990
12) 1080
13) 1170
14) 1260
15) 1300
It’s BS – how can PROFIT be calculated? This is only NET RETURN on the sale.
In other words: if I buy a product at 1 silver and sell it for 2 silver, the BLTC system will not tell me I’ve made 1 silver profit, but 2. (ignoring taxation in this example for simplicity)
True. But the name is less important than the number at the end.
Also, ANET has a major problem with transparency in the trading post:
– Hidden sales tax. It’s less hidden now, but still hidden.
– Nobody has any clue how the currency exchange determines its price, beyond knowing that ANET has a secret algorithm.
ANET really needs to get one of their accounts to look over the design of the trading post. Though making sense might conflict with ANET’s precious art design.
As for not including the listing fee, that also makes some sense, though it should still be more clear than it is. After all, it’s telling you the approximate amount you’re going to end up with in the TP after the item sells – the listing fee, on the other hand, is paid right now, not later.
Why does when the fee gets paid matter ?
If you’re selling something and your net proceeds are less than vendor price, you’d vendor it. If the net proceeds are greater, you TP it.
Including one of the fees* is just asking for people to assume it’s including all of them. Then complaining about the missing 5% of their total.
Or to note that it seems to be including the listing fee twice.
*The fee that isn’t stated anywhere in game.
I agree the display is not perfect, but it finally presents all the data upfront (with some math left as an exercise for the reader). I would prefer to see:
- Proposed listing: 5 units @ 20c = 1s
—— - Listing fee (5%): 5c [non-refundable, paid now]
- Sales tax (10% per unit): 10c [collected when sold]
—— - Amt available on pickup: 90c
—— - Net value to you: 85c [after fees and taxes]
This is overkill, but it ensures that no one will ever be confused by how much they should see available for pick up, how much they are paying in fees/taxes, and whether it’s worth it to them to list.
I see no reason why detailed info shouldn’t be shown. It’s not as if there is a space issue, the item sell window is a fraction of the size of the TP window.
in the list of developers I have the least faith & trust in.
Congratulations ArenaNet!
I agree the display is not perfect, but it finally presents all the data upfront (with some math left as an exercise for the reader). I would prefer to see:
- Proposed listing: 5 units @ 20c = 1s
——- Listing fee (5%): 5c [non-refundable, paid now]
- Sales tax (10% per unit): 10c [collected when sold]
——- Amt available on pickup: 90c
——- Net value to you: 85c [after fees and taxes]
This is overkill, but it ensures that no one will ever be confused by how much they should see available for pick up, how much they are paying in fees/taxes, and whether it’s worth it to them to list.
The worst part is that the Trading Post is clearly a copy of the Eve Online market system. In Eve, all that information was shown.
More importantly, Eve Online displayed a net proceeds amount for the transaction that was accurate after all fees and taxes.