Message:

<p>[QUOTE=&quot;calcol, post: 2716007, member: 77639&quot;]Actually, it&#039;s a division process.&nbsp; Let&#039;s ignore S&amp;H and taxes for now.&nbsp; Say the most you want to spend on a coin is $1000.&nbsp; If you subtract 17.5% (= $175), you get $825 bid.&nbsp; However, 825 plus 17.5% of 825 (=&nbsp; 144) is $969.&nbsp; You could have bid more and not spent to the limit of $1000.&nbsp; Correct way is to divide your max total by 1.175, so you could bid 1000/1.1.75 = 851.&nbsp; 851 + 17.5% of 851 (= 149) is 1000.</p><p><br /></p><p>Shipping, handling, and taxes (if you know them) would be subtracted from the max total before dividing by 1.175.&nbsp; Taxes can be tricky.&nbsp; Some states charge them, some don&#039;t.&nbsp; In some, they apply to the invoice bottom line; in some, only to the merchandise (hammer plus premium), but not to S&amp;H.&nbsp; And, some states exempt the whole works if the bottom line (possibly minus S&amp;H) is more than a certain amount.&nbsp; For example, in Calif., $1500 or more for the entire invoice exempts it from sales tax. </p><p><br /></p><p>Say, S&amp;H is $16, and tax will be 8.5% and applies to the whole invoice.&nbsp; Again, it&#039;s a division process.&nbsp; So, 1000/1.085 = 922;&nbsp; 922 + 8.5% of 922 (=78) is 1000.&nbsp; Now subtract the 16 S&amp;H from 922, leaving 906 for hammer plus premium.&nbsp; Divide 906 by 1.175&nbsp; to get max bid of 771 and premium of 135.&nbsp; So if you got it for your max bid, then it would be hammer of 771, premium of 135, S&amp;H of 16, and tax of 78.&nbsp; There goes your grand.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in