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The unwritten Trade Law
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Kara Books
Deal with IT.
#21 - 2012-03-22 02:10:31 UTC
Work with other traders for higher margins, "share"
Tekota
The Freighter Factory
#22 - 2012-03-22 07:32:48 UTC
DoraTheExplora Taft wrote:
Tekota wrote:
Multiply everything by 1.03

how does this factor in brokers fees and taxes? I think those are going to add another 2.5 percent on top; so would the rule be 1.055 then?


Err, no. 1.03 is exactly to figure in broker fees and taxes. 1% sales tax, 1% buy order broker fee, 1% sell order broker fee. Now, obviously we're not content with those fees so we train accounting, broker relations, and get some standings with the faction of choice to minimise these - in my instance down to 0.5% tax and 0.32% broker fees on buy and sell. But working on a 3% cost of doing business automatically accounts for small variations, competition, the slightly higher sell order broker fee etc. So take a prospective purchase price, multiply by 1.03 - if you anticipate selling at a higher point than the result then buy.
Samroski
Middle-Earth
#23 - 2012-03-22 08:56:20 UTC
VaMei wrote:
Samroski wrote:
Thou shalt not reveal thy trade secrets.

... unless you can profit from having others choose to do grunt work you didn't want to deal with from the start.

I tried this, pretty successfully. In a strange way, the fact that you can share and still profit, inspired this law :)

Any colour you like.
Samroski
Middle-Earth
#24 - 2012-03-22 09:27:02 UTC
Kara Books wrote:
Work with other traders for higher margins, "share"

That'll be the day Eve ends! The current player base derives significantly more pleasure from tears :)

Any colour you like.
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