Newcomer / Intro Do we pay some extortionate tax on our trades?

Tryst · Jan 31, 2015

Last night, I bought 100 Tantalum for 399,400 and sold it for 450,400 Making a profit of 51,000.

Even without the 71,000 or so I had left after buying it should have given me 501,400

So why was my balance at 495,374 after selling it? According to my calculations, I have had just over 77,000 taken from my credit balance, that's over 150% of my profit margin.

Is there some sort of extortionate taxation we are paying on our trades? Or has the server forgotten how to count now?

krysohmyz · Jan 31, 2015

Maybe you have a loan to pay off?

Yaffle · Jan 31, 2015

If I'm reading that right your total sales value was ₢450,000 of which ₢399,400 was the original cost and ₢51,000 was profit. So, if you had ₢71,000 in the bank, you'd end up with ₢521,000 at the end.

It's not ₢450,000 PLUS ₢51,000 profit.

But I may not have understood the post fully.

Darkcyde · Jan 31, 2015

Yaffle said:
So, if you had ₢71,000 in the bank, you'd end up with ₢521,000 at the end.

If this was the case (and I completely understand how you got that figure) he had 495,374 at the end, so missing about 26k.

carlisle · Jan 31, 2015

krysohmyz said:
Maybe you have a loan to pay off?

I've not experienced the loans but thought it only came off your profits and was a maximum of 20,000

thorn- · Jan 31, 2015

did you purchase fuel or repair damage before you sold your cargo?

the100thmonkey · Jan 31, 2015

The loans are paid back at a rate of 8%. They are at a maximum of cr200,000.

Yaffle · Jan 31, 2015

Darkcyde said:
If this was the case (and I completely understand how you got that figure) he had 495,374 at the end, so missing about 26k.

Indeed, as I thought I had misread it.

The ₢26,000 could be repairs/fuel/fines/new cargo/error of memory at the start/bug.

Tryst · Jan 31, 2015

Yaffle said:
If I'm reading that right your total sales value was ₢450,000 of which ₢399,400 was the original cost and ₢51,000 was profit. So, if you had ₢71,000 in the bank, you'd end up with ₢521,000 at the end.

It's not ₢450,000 PLUS ₢51,000 profit.

But I may not have understood the post fully.

You are right, I did realise the mistake later.

However, I am 77K down. So even taking that 51K into consideration, I am still missing around 26K. I don't have any loans or anything and I don't usually refuel and repair until I exit the commodities screen, not that I would have used that much fuel in one jump and no repairs were necessary.