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Costings & Percentages, ?


coppernut

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Hello all,

I am struggling with this one, and was hoping that the forum members could give me a hand.?

Is there a formula for working out the percentage over spot?

and eg: would be

spot for silver is £9.41 oz

i bought at £43.50 for 3 oz

working out at £14.50 oz

but i want to know,

what percentage over spot did i pay?

 

i appreciate any help

thanks

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Cheers Steve,

But i don't understand how you get to the figures '5.09 is 54% of 9.41

How do you work it out to get that percentage?

Thanks for the quick reply mate.

P.S I am really enjoying the Sovereign Talk thread where you and other forum members are giving people like me lessons on collecting ,sovereigns.

cheers keep it up please

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1 hour ago, coppernut said:

Hello all,

I am struggling with this one, and was hoping that the forum members could give me a hand.?

Is there a formula for working out the percentage over spot?

and eg: would be

spot for silver is £9.41 oz

i bought at £43.50 for 3 oz

working out at £14.50 oz

but i want to know,

what percentage over spot did i pay?

 

i appreciate any help

thanks

£14.50 / £9.41 = 1.54 = 54% over spot

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I like to work on % of spot.

Cost / spot X 100 = 14.5 / 9.41 X 100 = 154%.

154% of spot or 54% over spot.  

 

Can be simplified down to cost / spot. (14.5 / 9.41 = 1.54)

Highlandtiger posted just as I was about to submit. 

 

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