Projected Profit wrong?

Projected Profit wrong?

in Black Lion Trading Co

Posted by: Jabberwock.9014

Jabberwock.9014

Has anybody else projected profit seems off? I sold 250 candy corn for 3c and it told me my projected profit was 5s, when in reality I got 6s38c (85% of 7s50c).

Get stoned whenever you want:
Endless Petrification Tonic

Projected Profit wrong?

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Posted by: Ksielvin.1587

Ksielvin.1587

Indeed. 10 Candy Corn at 3c each, projected profit listed as 20c, listing fee 2c (correct after rounding up).

Pressed sell. 2c taken from wallet immediately, successfully sold for 30c, 27c appeared in pick-up tab.

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Posted by: Tallis.5607

Tallis.5607

I think that the price that the projected profit uses, wasn’t always accurate. But I haven’t seen that bug anymore the last 24 hours or so.

Tallis – Perpetual newbie – Tarnished Coast.
Always carries a towel – Never panics – Eats cookies.

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Posted by: Relgen.4179

Relgen.4179

Is the listing fee supposed to be 5% or 10%?

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Posted by: AW Lore.5682

AW Lore.5682

listing fee of 5% plus after the sell it takes a 10% margin of the earnings

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Posted by: Redrumickey.9672

Redrumickey.9672

Was all 250 to the same buyer ? Price change when you split up stacks to different buyers.

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Posted by: Morrar.1764

Morrar.1764

Indeed. 10 Candy Corn at 3c each, projected profit listed as 20c, listing fee 2c (correct after rounding up).

Pressed sell. 2c taken from wallet immediately, successfully sold for 30c, 27c appeared in pick-up tab.

It’s all due to the rather awkward way the system works. First off, the listing fee is not included in the projected profit calculation and so it’s irrelevant for the current discussion.

The projected profit was 20c, because that is what the worst-case scenario would yield you. If you post 10 corn at 3c each, it could be the case that they would be sold one-by-one to different buyers. In that case the calculation of the trading fee for each corn would be:

3c – round up (0.1 * 3) = 3c – 1c = 2c

Obviously, if you multiply 2c by 10 you end up with the projected profit indicated on the Trading Post interface. The issue here is that the fees are calculated per sale and rounded up. So if all 10 corn are sold at once, you pay a 3c fee, but if they are sold one-by-one you end up with a 10c fee total. This is also why the interface says ‘projected profit’ rather than just ‘profit’.

It is kind of a weird system as the buyers determine the actual fees you pay as a seller. It is clear to me why the numbers need to be rounded to the smallest currency, namely copper. I can also see why they round up, as otherwise you might get around the trading fee. However, for small amounts / cheap items the current system leads to a quite high spread in profit. I’m also not too happy with the fact that the other party determines your actual profit.

(edited by Morrar.1764)

Projected Profit wrong?

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Posted by: Field Marshal.7946

Field Marshal.7946

I use these two for trading stuff. It shows you price, current demand, spread.
http://www.guildwarstrade.com/search

I then double check with this to make sure I am making good profit.

http://tpcalc.com/

Thank me later.