edit: adding more videos.

https://www.youtube.com/watch?v=aeG2lWxYO_Y
https://www.youtube.com/watch?v=YaDbq24CCeg

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hope people find this an interesting topic.

have a nice day

I can't explain stuff in my own words, so here is a bunch of YouTube videos that can do it for me:

Originally posted by Abaddon the Despoiler:

I can't explain stuff in my own words, so here is a bunch of YouTube videos that can do it for me:

im not typing out books, a video showing how it works is perfectly fine, thanks.

have a great day

Originally posted by MonkehMaster:

Originally posted by Abaddon the Despoiler:

I can't explain stuff in my own words, so here is a bunch of YouTube videos that can do it for me:

im not typing out books, a video showing how it works is perfectly fine, thanks.

have a great day :gk_smile:

He moans about anybody doing anything.

Originally posted by DutyCallsBackNextYear:

Originally posted by MonkehMaster:

im not typing out books, a video showing how it works is perfectly fine, thanks.

have a great day :gk_smile:

He moans about anybody doing anything.

Irony.

If the stock market went down 90% and you bought it when it was down 50% you would still lose 80% of your money.

If a drug has a 1000% mark up, it's okay to use numbers larger than 100% when discussing changes to the mark up.

Originally posted by kbiz:

If the stock market went down 90% and you bought it when it was down 50% you would still lose 80% of your money.

If a drug has a 1000% mark up, it's okay to use numbers larger than 100% when discussing changes to the mark up.

yep, the variations in economics and how these markets work, vary wildly, with some, simply not even being close to comparable, with average consumer markets and how they "math" it all.

they still link in general terms, into the wider picture of markets, but they exist side by side, when it comes to calculations.

its a complex subject, especially when going beyond the consumer market.

have fun and a great day

A wise businessman once told me the key to success:

"buy high, sell low..."

Or something like that.

The POTUS should take a lesson or two on how percentages work.

Originally posted by kbiz:

If a drug has a 1000% mark up, it's okay to use numbers larger than 100% when discussing changes to the mark up.

You too.

Originally posted by Tito Shivan:

The POTUS should take a lesson or two on how percentages work.

Originally posted by kbiz:

If a drug has a 1000% mark up, it's okay to use numbers larger than 100% when discussing changes to the mark up.

You too.

"the potus", seems to know more about percentages, than some, it seems.

you should watch those vids i posted, its some good info.

you have fun and a great day

Originally posted by MonkehMaster:

"the potus", seems to know more about percentages, than some, it seems.

Someone who says is going to bring prices 1000% down knows as much about percentages as an avocado.

Originally posted by Tito Shivan:

Originally posted by MonkehMaster:

"the potus", seems to know more about percentages, than some, it seems.

Someone who says is going to bring prices 1000% down knows as much about percentages as an avocado.

As explained very simply in a previous post, you cannot decrease a price by 1000%, but you can bring the markup price down by over 1000% if it is higher than that.

Originally posted by Tito Shivan:

"markup" is something you are going to have to learn, before judging people who know how this stuff works.

watch the videos, or dont, i at least know how this all works.

have a great day

Originally posted by Abaddon the Despoiler:

As explained very simply in a previous post, you cannot decrease a price by 1000%, but you can bring the markup price down by over 1000% if it is higher than that.

“We have something coming up, favored nations, where I’m going to be reducing drug prices by 1,400 to 1,500%...We’re gonna be reducing drug prices down to a level that nobody – not by 20%, 30% – by like 1,000%. Because, you know, we’re paying sometimes 10 times more than other nations, and we’re not doing it anymore.”

Originally posted by Tito Shivan:

The POTUS should take a lesson or two on how percentages work.

Originally posted by kbiz:

If a drug has a 1000% mark up, it's okay to use numbers larger than 100% when discussing changes to the mark up.

You too.

Hey Spain.

If the drug price mark-up in the United States is 1000% and the markup in Spain is 0% then Trump should say drug prices are down 1000%. It's a powerful statement.

Because it lets people know 1.) that pharmaceutical companies have marked up their drug prices 1000% in America, and 2.) it lets you know how much Trump is lowering the price.

But yeah, a change from a 1000% mark-up to no mark-up is a 90%-ish drop in price - for Americans only (not for the Spanish).