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<p>[QUOTE=&quot;Hobo, post: 330151, member: 11521&quot;]Another (and, I think, simpler) way to use the following formula:</p><p>&nbsp;</p><p>Max Bid = Total Cost / ( 1 + Buyer&#039;s Premium )</p><p>&nbsp;</p><p>Divide your total cost by the buyer&#039;s premium percentage (expressed as a decimal) plus 1. (For 15% buyer&#039;s premium 15% = 0.15 so you would divide by 1.15.)</p><p>&nbsp;</p><p>For example - Your maximum total cost is $120 for a particular coin. If the buyer&#039;s premium is 20% your maximum bid will be:</p><p>&nbsp;</p><p>Max Bid = $120 / 1.20 = $100</p><p>&nbsp;</p><p>If your maximum total cost is $200 and the buyer&#039;s premium is 15% your maximum bid would be:</p><p>&nbsp;</p><p>Max Bid = $200 / 1.15 = $173.91</p><p>&nbsp;</p><p>The buyer&#039;s premium on Teletrade is 12% so for their auctions you would divide your maxumum total cost by 1.12. (Or you could multiply by 0.8929 but that is another long number for you to remember.)</p><p>&nbsp;</p><p>I think remembering a simple formula is much easier than trying to remember several long numbers. But that is just me. Whatever works for you is perfectly fine.[/QUOTE]</p><p><br /></p>

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