Quick percentage question...

Feek · 24-10-2008, 22:53

I hate percentages.

If I buy something for 60,000 and sell it for 800,000, what's the percentage profit?

Gnat · 24-10-2008, 23:00

Quote:

Originally Posted by Feek

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))

LeperousDust · 24-10-2008, 23:13

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.

divine · 24-10-2008, 23:15

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.

Feek · 24-10-2008, 23:34

Either way, it's huge. Ta.

Mark · 24-10-2008, 23:52

Quote:

Originally Posted by LeperousDust

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.

Garp · 24-10-2008, 23:53

Quote:

Originally Posted by Mark

All I can say is enjoy that profit, whatever units it's in.

ISK would be my guess.

Mark · 24-10-2008, 23:54

That was my first thought too, but I'm leaving the options open.

Davey_Pitch · 24-10-2008, 23:54

EVE?

divine · 24-10-2008, 23:55

Quote:

Originally Posted by Davey_Pitch

EVE?

ADAM?

*runs with arms wide open*

24-10-2008, 22:53	#1
Feek ex SAS Join Date: Jun 2006 Location: JO01ou Posts: 10,062	Quick percentage question... I hate percentages. If I buy something for 60,000 and sell it for 800,000, what's the percentage profit? __________________

24-10-2008, 23:13	#3
LeperousDust Bananaman Join Date: Jul 2006 Location: Liverpool/Edinburgh Posts: 4,817	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. __________________

24-10-2008, 23:15	#4
divine Moonshine Join Date: Sep 2007 Location: Southampton Posts: 3,201	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. __________________

24-10-2008, 23:34	#5
Feek ex SAS Join Date: Jun 2006 Location: JO01ou Posts: 10,062	Either way, it's huge. Ta. __________________

24-10-2008, 23:54	#9
Davey_Pitch I iz speshul Join Date: Jun 2006 Location: Liverpool Posts: 6,296	EVE? __________________ 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.

24-10-2008, 23:54	#8
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	That was my first thought too, but I'm leaving the options open.