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Recommended Sweat Price (RSP)
Recommended Sweat Price (Formula)
Formulating the price of Vibrant Sweat
Extract from a MyTwoPecs.com discussion
Nota Bena : The rates and values of items described in this section of this page
does not reflect the most recent recorded rates. However, the Recommended
Sweat Price (RSP) section contains the actual data used for the current price.
Let's chat about Vibrant Sweat. As I've said before, we should be able to work backwards from the current price of ME and the current price of Force Nexus, to get to a probable pecs-per-bottle value of Sweat. However, we do need to make a buck, so profit must be reflected in this calculation too. For now, it is safe to say that the last 50 items of ME sold on auction is decent, so let's use that average from our statistics. Here's our starting sheet: Item : Force Nexus TT Value : 0.0100 PED Market Value : 126% Unit Price : 0.0125 PED/unit Item : Mind Essence TT Value : 0.0100 PED Market Value : 470% Unit Price : 0.0450 PED/unit Item : Vibrant Sweat TT Value : 0.0000 PED Unit Price : ???
Nota Bena
Although we know that Vibrant Sweat isn't technically 0 TT, let's assume so to keep this calculation simple. If you want to contest the TT value of sweat... stack 10000 units of sweat into any trade terminal. It's worth more than zero :) Ideally, let's say I want my ME receipts to look like this:
Qty Item TT Cost Market Price
----------------------------------------------
2000 Mind Essence 20.00 PED 470.00 %
----------------------------------------------
Total 94.00 PED
But here's what I want to pay for Force Nexus:
Qty Item TT Cost Market Price
----------------------------------------------
2000 Force Nexus 20.00 PED 126.00 %
----------------------------------------------
Total 25.20 PED
I know I had said before that we can calculate the price of sweat easily. However, this is only really viable if we can peg our profit margin. Therefore, peg it against the price of refining your ME. Our constants, will be the average prices as reported by the [Market Board]. Let's assume that we want to make a set 10% profit on all our sales of ME, and we want to figure out what our budget is to buy sweat at: Here's what we know already...
Let's calculate Lastly, divide 59.00 PED by 2000 units, and we have: 0.0295 PEDs per bottle (or as it is more commonly referred to: 2.95 pecs per bottle). Of course, if you can buy your sweat at less than 2.95p/b, it would be a bonus.
Related article(s):
Entropia Pioneers :: Bullish about Vibrant Sweat - 05 August 2005 Entropia Forum :: Price of Sweat - 20 February 2006 |
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