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2% price hike WILL NOT WORK.

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Scythe01

PostPosted: Fri Sep 07, 2007 12:44 pm


Just Letting every one know that you cant simply raise your prices by 2%. you will still loose gold.
So raise them by 3%

12650+2%=12903-2%=12644.94 So 2%=6 gold lost.
12650+3%=13029-2%=12768 and 3%=118 gold gained.

We can go up by 4% but thats just getting to be a bit greedy and then theres aslo the negitive side of us not selling as fast
PostPosted: Sun Sep 09, 2007 8:07 pm


Actual formula you'd need's Xg/0.98

the original example using this formula:

12650g/0.98 = 12908 (12909 if you want to count the remainder)

anything above the 12908 covers the tax and provides the profit

incidentally - i know we're trying not to be greedy etc, but if other people push the price up well past what is reasonable profit (4%) should we restrict ourselves to just that? or should we go with the flow and price higher up so as to take advantage of the general price hike?

tsc13


Scythe01

PostPosted: Mon Sep 10, 2007 3:49 pm


I would personaly love to see all MC's 50K or 100K over priced because this would lock the market up and no one could really buy anything.
Oh and if you raise your price like you normaly would them add 2.0409% you will remove the 2% tax. Thats what i was trying to say.
Most are saying they will raise thier prices by 2% but that wont work, need to raise it more if you want to not loose money.
PostPosted: Tue Sep 11, 2007 4:36 pm


Scythe01
I would personaly love to see all MC's 50K or 100K over priced because this would lock the market up and no one could really buy anything.
Oh and if you raise your price like you normaly would them add 2.0409% you will remove the 2% tax. Thats what i was trying to say.
Most are saying they will raise thier prices by 2% but that wont work, need to raise it more if you want to not loose money.


That would certainly assist my agenda in launching the project I'm trying to promote.

I don't think the entirety of Gaia has the will or integrity to not sell any items, though... and that is what you're suggesting; if we insist on selling at a rate we find acceptable, we won't find any buyers. There is only so long we can take losses in raising the low through reselling within a rate acceptable to buyers.

Maarilat

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