math interpretation

[Dari]

The premium is there no matter how you pay. Therefore, it gets added before after the discount. They also make more money this way so it's best to assume this. But, this was worded poorly so they can do whatever they want. Any update?

 

[Brian Stirling]

Math can be a bitch...


If you earned $1000/wk then got a 10% pay cute because the economy was bad you pay would be $900/wk. Now, when the economy turns around they tell you they'll give it back by giving you a 10% pay raise so your back to $1000/wk right? No, your not...

Answer is $990/wk.

It be worse if the percentage was 50% as the net would be $750/wk.

It's also not possible to average the mpg you get from each tank of gas as a simple average...


Brian

 

[DrPizza]

Meh, when I got my number for the auction, I commented "hey, wouldn't it be less ambiguous if you said, "buyer's premium reduced to 10% if paying by cash or check." "What do you mean?" "Well, if you get a 3% discount, and figure it this way - on $100, you'd owe $113 with the buyer's premium. If you take a 3% discount on that, it would be less than $110, since you're getting 3% of the $13 as well. "

"Hey, you're right. That's a good idea." Nice to have smart auctioneers.

And, I really scored at the auction. Most of the fliers for the auction simply mentioned the real estate - they didn't mention the tools, etc. Everything was in excellent condition - many of the things had the manuals. So, I got:
a 16' aluminum extension ladder that I didn't need
2 electric chainsaws that I didn't need
2 electric drills (one a heavy duty 3/4" drill) that I would rarely need, since I have a nice set of cordless drills.
several rakes I don't need
A wide shop broom that I don't need
2 circular saws that I don't need
several long heavy pry bars that I already have plenty of
a garden rake (I couldn't find mine the other day)
a hay fork - the type that recently was selling for $30-$50 at another auction - and I need a good old one (anything of them manufactured in the past decade or so are crap)
a hydrostatic Cub Cadet (model 147) with a body that's in outstanding condition - and the motor sounds awesome. Needs some adjustments on the transmission though.
a 4-stroke weed eater that I don't need
an electric weed eater that I don't need
A shitload more hand tools that I don't need
a radial arm saw that I'd like to need, but have to build a shop first
A bench belt sander with the round sander part on it to - that I don't need.
And a big wheel barrow, which I laughed about - I only bought it to transport things to my vehicle. I've got a tractor with a bucket, I have a big pull-behind dump wagon for my lawn mower. So, I don't need the wheel barrow either.
Plus other power tools I don't need,

Oh, and a garden hose that I *can* use, almost immediately. I'll hook it up tomorrow.

Total: well under $300, including the premium & tax. I could turn around and easily resell the cub cadet for $600-700. Heck, I could resell most of the items within a day or so and make enough profit to buy that Tamron 150mm-600mm that I have my eye on.

Eventually, I had to walk away to avoid my wife getting mad. I regretted not buying a bunch of the stuff - it was hard to pass up a gas grill that I could have gotten for $10. - It had a brand new propane tank on it that was completely full - I could have scrapped the grill and saved money on the next time I need to refill my own.

 

[highland145]

I don't need

I see a pattern.... Doc, are you my father in law?



Except he doesn't resell his finds. Just stacks them up.

 

[waffleironhead]

Sounds like its time to build a new shed for all that "don't need".

 

[Phoenix86]

So made it sounds like the tools were an extra score, then proceed to tell us you don't need any of them. :|

 

[Blackjack200]

Soo...

Roughly $300 x 1.13 = 339, times .97 = 328.83 vs. $330

You were bilked to the tune of $1.17

 

[DrPizza]

So made it sounds like the tools were an extra score, then proceed to tell us you don't need any of them. :|

I have plenty of tools. Extras aren't necessarily bad. But, we have a very active local garage sale type of page on Facebook. I typically list items for below their actual value - if it's worth $50, I'd be able to sell it for $50, but I'd have to respond to a dozen people and low-ballers before someone eventually bought it a week later. If I put it up for $35, I immediately get "is it still available?" On the Facebook platform, rather than Craigslist, everyone else can see those replies. So, since they see the interest, it sells almost immediately without having to deal with low-ballers - heck, I often get "I'll pay you an extra $20 if you can hold it until tomorrow." I ignore that and sell in the order that people reply. Just a couple of weeks ago, I bought a china cabinet at an auction 4 miles from my house; $45. Drove home, put it on the porch, hit it with some furniture polish, took a picture, and sold it for $165 in 10 minutes. So, I netted $120 for maybe 30 minutes of work, including transporting it (and I was at the auction anyway). That paid for everything else I bought at the auction that day.

 

[DrPizza]

Soo...

Roughly $300 x 1.13 = 339, times .97 = 328.83 vs. $330

You were bilked to the tune of $1.17

Hey, that's a can of raspberry ice tea on the way home.