[SEL] Fwd: Coolspring Spotlight: 1911 15 HP Foos

[Spencer Yost]

Margin is 50%.  Profit is 100%.  Markup is synonymous with margin and is also, obviously, 50%. 

But this problem illustrates why ratios and statistics in general are the third head of Mark Twains lying beast:   The percentage will change based on which factor is the denominator and which is the numerator of the underlying ratio.   Interchange them and the results change drastically even though the underlying definition changed only subtly.

So now you know.....

Spencer

> On Jan 21, 2015, at 10:08, Doug Tallman <dtallman at accnorwalk.com> wrote:
> 
> Roger, Weren't you paying attention in real estate school or do they do 
> things different in KA?? I have to agree with Dave here. The sale was 
> .02 and the cost was .01 so the profit was half the sale which is 50%. 
> Doug T
> 
> 
> 
> ROGER DIRUSCIO wrote:
>> That must be some of the new math, looks more like 100% profit to me
>> 
>> Roger 
>> 
>> 
>> On Tuesday, January 20, 2015 7:35 PM, Dave Rotigel <rotigel at me.com> wrote:
>> 
>> 
>> 
>>> It will be good to see you again Kerry! Are you bringing an engine, or would you like me to sell you one of mine for $0.01, and then I'll buy it back from you at the end of the show for $0.02? (That's 50% profit AND you need to be displaying an engine in order to get an exhibitors pass! Reg is buying The Perfect MAYTAG, but I still have one engine for sale. I, also, believe that the French boys are buying one of Arnie's engines--but I KNOW that he is charging them $0.05! Damned highway robbery, if you ask me!)
>>>   Dave
>>> 
>>> On Jan 20, 2015, at 5:44 PM, Kerry wrote:
>>> 
>>> 
>>>> 
> 
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