Market Discussions

I am sorry for my noobiness, but I probably missed that day in the school when explained about this ^ symbol
And without understanding it I can't use this Brokers fee formula.

Does anybody can explain that simbol, please?

What the excellently named Darth Tickles said.

Or "to the power of", if you missed that day in school too :o)

Or the x^y button on your calculator.



Edit:

So if the full formula is
BrokerFee% = (1% - 0.05% * BrokerRelationsSkill) / 2^(0.14 * FactionStanding + 0.06 * CorporationStanding)

... just start filling in the values one by one. Lets assume your BrokerRelations skill is at level V. So 0.05 * 5 is 0.25. 1 minus 0.25 = 0.75 (incidentally, this is what you'll see on your wallet orders tab listed as "Base Broker Fee).

So now our formula looks like this:
BrokerFee% = 0.75 / 2^(0.14 * FactionStanding + 0.06 * CorporationStanding)

... Lets say your faction standing is 3, so 0.14 * 3 = 0.42. And lets say your corp standing is 6, so 0.06 * 6 = 0.36. We add 0.42 and 0.36 together to get 0.78.

So at this stage the formula is as follows:
BrokerFee% = 0.75 / 2^0.78

... If you can work out 2^0.78 in your head you're a better man than I, so fire up the calculator (scientific mode on the standard Windows one) enter 2, then press the x^y button, the enter 0.78 and your answer should be 1.717.

So now the formula is a simple one:
BrokerFee% = 0.75 / 1.717

... which should be 0.437 when rounded to three decimal places. So dependent upon how the eve client handles rounding your broker fees should amount to 0.44% (or maybe 0.43% if the client trims rather than rounds etc).

Got it!

2^3 the same as 2*2*2

Thanks everybody for explanations.

Fly safe and profitability of trade to all of you