jcellegood
Member
Am I doing this math correctly? If one buys a machine for $500, is there really the potential for an almost $200 swing between the buyer's and the seller's perspective? If that's the case, I guess I'm surprised anything is ever sold at auction like that.
I'm using http://arcadeauction.net/ as a basis for this calculation.
====================================
Buyer's Perspective
====================================
$500 machine price
+ $75 buyer's premium (15%)
-----------------------
$575 subtotal
+ $34.50 sales tax (PA 6%)
-----------------------
$609.50 total
====================================
Seller's Perspective
====================================
$500 machine price
- $10 per item registration fee
- $15 per item handling fee
- $50 commission
----------------------------------
$425 total
I'm using http://arcadeauction.net/ as a basis for this calculation.
====================================
Buyer's Perspective
====================================
$500 machine price
+ $75 buyer's premium (15%)
-----------------------
$575 subtotal
+ $34.50 sales tax (PA 6%)
-----------------------
$609.50 total
====================================
Seller's Perspective
====================================
$500 machine price
- $10 per item registration fee
- $15 per item handling fee
- $50 commission
----------------------------------
$425 total
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