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Re: 14' Aluminum boat just rolled out of the yard.........

By: Decomposed in 6TH POPE | Recommend this post (1)
Tue, 14 Jul 20 6:07 PM | 37 view(s)
Boardmark this board | 6th Edition Pope Board

Msg. 03329 of 60014
(This msg. is a reply to 03326 by micro)
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micro:

Re: "Take the amount it cost you. IN this case $400. Then take the amount you sold it for. $1,000. ... 600 divided by 400 equals 1.50 or 150% " I have advice for Nemo too. He paid $400 for the boat and made $600 with very little effort. The next time he sees a deal like that, he needs to offer the guy $4000 and increase his gains tenfold!

Don't bother to thank me, Nemo. I'm here to help.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: 14' Aluminum boat just rolled out of the yard.........
By: micro in 6TH POPE
Tue, 14 Jul 20 2:48 PM

Msg. 03326 of 60014

GM Captain.

Allow me to help you with a simple way of knowing this from now on without a calculator.

Take the amount it cost you. IN this case $400.
Then take the amount you sold it for. $1,000.

Subtract your cost from your sale price. $600.

Divide the amount of profit by the cost.

600 divided by 400 equals 1.50 or 150% You don't need a calculator my friend.. When we do not do things like this for long spands of time in our lives we all tend to forget so that is understandable. I just showed you a simple method you can do in your head from now on...

A refresher if you will..

That is a GREAT profit margin by the way... Congrats big time sir!!

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