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Old 24-10-2008, 22:53   #1
Feek
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Default Quick percentage question...

I hate percentages.

If I buy something for 60,000 and sell it for 800,000, what's the percentage profit?
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Old 24-10-2008, 23:00   #2
Gnat
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Quote:
Originally Posted by Feek View Post
I hate percentages.

If I buy something for 60,000 and sell it for 800,000, what's the percentage profit?
if 60,000 is 100% profit, then 800,000 is 13.3333 times more than 60,000, then would it be 1333% profit?

(i have just woken up so could be talking complete crap (not for a change))
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Old 24-10-2008, 23:13   #3
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Well you made 740k and as mentioned above 60k would have been 100% profit so on that note i say 1233 & 1/3 % profit in my eyes.
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Old 24-10-2008, 23:15   #4
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I think you'll find a lot of people will differ on what their base line is, depending on what point they're trying to make, some stating say 60k > 120k as 100% profit and others as 200% profit. I think there are other ways of doing it too, again, depending on what you're wanting to show.

It's one of those things where the actual calculations aren't hard, it's just deciding what is the appropriate calculation to be doing.
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Old 24-10-2008, 23:34   #5
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Either way, it's huge. Ta.
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Old 24-10-2008, 23:52   #6
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Quote:
Originally Posted by LeperousDust View Post
Well you made 740k and as mentioned above 60k would have been 100% profit so on that note i say 1233 & 1/3 % profit in my eyes.
According to the GCSE Mathematics curriculum (Scottish edition), you're correct.

http://www.bbc.co.uk/scotland/educat...oss_rev4.shtml

All I can say is enjoy that profit, whatever units it's in.
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Old 24-10-2008, 23:53   #7
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Quote:
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All I can say is enjoy that profit, whatever units it's in.
ISK would be my guess.
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Old 24-10-2008, 23:54   #8
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That was my first thought too, but I'm leaving the options open.
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Old 24-10-2008, 23:54   #9
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EVE?
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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness, that most frightens us. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won't feel insecure around you. We are all meant to shine as children do. It's not just in some of us; it is in everyone. And as we let our own lights shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.
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Old 24-10-2008, 23:55   #10
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Quote:
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EVE?
ADAM?

*runs with arms wide open*
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