Small test

Small test

in Black Lion Trading Co

Posted by: Dorlas.9731

Dorlas.9731

I run today small test.

1st item

I bought 10x “item A” for 1s42c altogether for 14s20c
i sell 10x “item A” for 1s70 altogether for 17s
net profit before vat 2s80c
after vat net profit 25c
= ok its horrible but ok

2nd item

I bought 10x “item B” for 4s75c altogether for 47s50c
i sell 10x “item B” for 5s29c altogether for 52s90c
net profit before vat 5s40c
after vat net profit 0! loss 2s55c!!!

wtf? Can somebody explain this?

Small test

in Black Lion Trading Co

Posted by: Fox.2587

Fox.2587

Short Answer: you sold it at a loss.

There is a 15% tax (to put it simply) on anything you sell. I believe it’s for gold sink purposes.

The second item should have been sold at 5s 58c a piece to break even and higher to make a profit.

If you have an android device download GW2 Trade Post Calculator it’ll help you a great deal. I don’t know if it’s for iOS.

Small test

in Black Lion Trading Co

Posted by: AndrewWaltfeld.4621

AndrewWaltfeld.4621

there is also a website called trading post calculator (google it) it’s a nice web based calculator if you don’t want the phone app.

Small test

in Black Lion Trading Co

Posted by: Terminator.1289

Terminator.1289

Its fairly simple maths really. Just have a calculator (or an iphone) at hand.

If I see an item being sold on the TP for say 6s 35c I just do this simple calculation:-

635 × 0.85 = 539
This auto takes off the 15% you will be charged by the TP

This tells me I need to buy this item at 539 to break even. Buying at anything above this figure is at a loss and buying under this figure will be profit.

Small test

in Black Lion Trading Co

Posted by: Dorlas.9731

Dorlas.9731

thank you
btw why i must write 15 words omg???