Math Error with Trading Post?

Math Error with Trading Post?

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Posted by: LadyWolf.1853

LadyWolf.1853

Alright, so here is the thing. One of my guildies pointed out something interesting whilst selling something at the trading post, and I’m having the same problem.

When anyone else goes to the trading post, has anyone else found that when you sell something for a gold, your projected profit is 90 silver, however; the listing fee is only 5 silver. Is there something I am missing here? Because I am not sure where the other five silver is going. The listing fee seems to actually be 10 silver, but only says 5.

Anyone else experience this?

Math Error with Trading Post?

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Posted by: Player Character.9467

Player Character.9467

The listing fee is 5 silver. The cut the TP takes at sale is 10 silver. Your actual result is the projected – the listing fee.

15% tax

Math Error with Trading Post?

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Posted by: LadyWolf.1853

LadyWolf.1853

Ahhhhhh okay. Thank you for quick response.
I’ve never seen anywhere where they mention that 15% tax. That’s kitten y.
Thanks!

Math Error with Trading Post?

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Posted by: LadyWolf.1853

LadyWolf.1853

Really? They bleep the word dorp with an e in place of o? Oooookiee.

Math Error with Trading Post?

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Posted by: Mystic.5934

Mystic.5934

there is a typo on the TP page:
“projected profit” should say “projected return”, as the actual projected profit is: list amount – listing fee – final value fee, which in this case would be 85s. return would tell you that that is how much you should expect to pick up after the item sells, while you pay 5s when you list the item.

Math Error with Trading Post?

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Posted by: Player Character.9467

Player Character.9467

Ahhhhhh okay. Thank you for quick response.
I’ve never seen anywhere where they mention that 15% tax. That’s kitten y.
Thanks!

Essentially they expect you to know that you’re automatically out the 5% listing fee and the 10% that gets it from your listed value to your return on sale is only if it sells so that’s left separate as you could remove the listing and still be out the listing fee.

Math Error with Trading Post?

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Posted by: Phoebe Ascension.8437

Phoebe Ascension.8437

15%? it’s more, isn’t it? My calculation so far have indicated, it’s 20% (inventory loss tp cost loss + TP fee for placing + TP fee lost when selling. Right or not? Everybody keeps saying 15% but that is true, buying at 1 silver and reselling at 1,16 would already make money and it doesn’t, you loose a big chunk on it.

Legendary weapons can be hidden now!
No excuse anymore for not giving ‘hide mounts’-option
No thanks to unidentified weapons.

Math Error with Trading Post?

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Posted by: Behellagh.1468

Behellagh.1468

No, 5% of your posting price and 10% more when the sale is made.

As for your example, you get 85% of your posting price. So you have to divide by 0.85 so the break even point for something you bought for 1s is 1s18c, a 6c posting fee and a 12c sales tax. I use a 20% minimum markup rule of thumb for determining the break even point in my head.

We are heroes. This is what we do!

RIP City of Heroes

Math Error with Trading Post?

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Posted by: tolunart.2095

tolunart.2095

15%? it’s more, isn’t it? My calculation so far have indicated, it’s 20% (inventory loss tp cost loss + TP fee for placing + TP fee lost when selling. Right or not? Everybody keeps saying 15% but that is true, buying at 1 silver and reselling at 1,16 would already make money and it doesn’t, you loose a big chunk on it.

The fees are based on the price you list it at, not the price you bought it at. If you list an item at 1.16 silver, the listing fee is 6 copper and the selling fee is 12 copper, so the total fees are 18 copper, not 15 copper as it would be for an item listed at 1 silver.

The listing fee is paid up front, not deducted from the listing, which is why it is not reflected in the calculation of what you get when it sells, only the 10% fee is included. It would be easier if they included all the fees, but at least all the numbers are there, just deduct the listing fee from the amount shown and you’ll get the net result.

(edited by tolunart.2095)

Math Error with Trading Post?

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Posted by: Mystic.5934

Mystic.5934

it’s 15% total tax. (5% when you list, 10% on sale)
however, if it’s low values, rounding will kitten you over as they always round against you:
sell for 5c
5% listing fee = 1c
10% final value fee = 1c
final profit = 3c (60%, not 85%)
so if you sell anything for less than 20c, I highly recommend selling in larger quantities.

Math Error with Trading Post?

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Posted by: Behellagh.1468

Behellagh.1468

Well the listing fee is based on the whole sell order so if you are selling 100 at 5c then the listing fee is only 25c and not 100c. The sales tax is done the same way. If 100 people buy one each, then you only get 400c back. If 1 person buys all of it then you get 450c back.

It makes predicting exact profits on large quantity sales impossible.

We are heroes. This is what we do!

RIP City of Heroes

Math Error with Trading Post?

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Posted by: Mystic.5934

Mystic.5934

yes, but selling 100 at 5c will always cost less than 1 × 5c 100 times.
and 100 people each buying 1 is the worst case scenario, with the best being 1 person buying 100.
basically, selling low value stuff in bulk will always be more profitable than not in bulk. you just won’t know how much more profitable until after it happens, as Behellagh described.