Endless Petrification Tonic
Projected Profit wrong?
Endless Petrification Tonic
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.
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.
Always carries a towel – Never panics – Eats cookies.
Is the listing fee supposed to be 5% or 10%?
listing fee of 5% plus after the sell it takes a 10% margin of the earnings
Was all 250 to the same buyer ? Price change when you split up stacks to different buyers.
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)
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.
Thank me later.