[XBob]

326 - "It's using a different method, but a legitimate one.
I didn't invent this. A CPA with a manufacturing firm invented it. As usual, they have 19 different ways to come up with the answer they want...
But if it's five steps at 15%/step, that seems to be 75% to me..."

LOL, you are right - but ToddsNoTrader hasn't seemed to figure it out. And he uses spurious data to generate his proof.

As you know, There's another rule of thumb, that the end user sale price at high retail is about 500% of the cost of manufacture. And this is also accounts for the labor at each level. So, if you see something advertized for sale for $100, you can generally figure that it cost $20 to make. That's a total of 500% increase.

But look at toddsNoTrader's numbers, he has just one step adding $15 labor to a $100 item, and then being valued at $1000, that's a thousand percent increase, at one level only. ROTFL. He must be an Arab, Chinese or Indian trader.

And he can't seem to figure out that there is no way that is going to happen normally, at that level (4).

[Toddsterpatriot]

And here XBob says going from 100 to 1000 is a 1000% increase and going from 20 to 100 is a 500% increase.

And don't get me started on the value added discussion. He confuses addition with division.