Insignificant/ Significant things that BYP or just wind you up a little

[Noggin]

Google says that’s a cheap one, they are all £89 upwards
There’s one on eBay for about £45.
I’m no help at all really!
Mick

I did look at that one and am trying to resist!!! Can send it to my mate near Bath to keep until I have my place!! LOL

The old explanation innit. If people buy em for £89 they're worth £89.

I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??

[Mr. Dazzle]

I feel like you may be overestimating the market for tea pots which look like syrup tins.

[Horse]

The old explanation innit. If people buy em for £89 they're worth £89.

I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??

Conversely, people prepared to pay £85 may be happy to pay £89.

In which case, they get more profit without any extra associated production costs.

[Noggin]

I feel like you may be overestimating the market for tea pots which look like syrup tins.

Probably!! I'm pretty peeved it was so expensive

[Saga Lout]

I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??

That depends how much they cost to make. E.g. if they cost £39 to make, £89 is £50 profit. They’d need to sell 5 at £49 each to make the same profit.

[Wossname]

That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.

[Horse]

That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.

When we ran the 'Born Again' courses, they were quite successful, at £39.

We were based at a BMW dealership. The salesman said "You need to increase your prices".

"£45?" I asked.

"No, double it."

So we compromised on £59. No-one ever quibbled.

[Cousin Jack]

That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.

When we ran the 'Born Again' courses, they were quite successful, at £39.

We were based at a BMW dealership. The salesman said "You need to increase your prices".

"£45?" I asked.

"No, double it."

So we compromised on £59. No-one ever quibbled.

Reminds me of the (probably apocryphal) story of Thomas Beecham of Beecham's Pills fame. He is supposed to have costed them out to about 2d a box. and planned to sell them for 3d. Someone advised him to put the price up to about 1/6d and advertise them as 'worth a guinea a box'. He became a millionaire.

[Noggin]

That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.

When we ran the 'Born Again' courses, they were quite successful, at £39.

We were based at a BMW dealership. The salesman said "You need to increase your prices".

"£45?" I asked.

"No, double it."

So we compromised on £59. No-one ever quibbled.

Reminds me of the (probably apocryphal) story of Thomas Beecham of Beecham's Pills fame. He is supposed to have costed them out to about 2d a box. and planned to sell them for 3d. Someone advised him to put the price up to about 1/6d and advertise them as 'worth a guinea a box'. He became a millionaire.

Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???

[Wossname]

Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???

The “1” is 1 shilling, which is 12d (pence), so 1/6 is 18d, which is a lot more than 3d.

Aside: why is “d” pence?

[Noggin]

Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???

The “1” is 1 shilling, which is 12d (pence), so 1/6 is 18d, which is a lot more than 3d.

Aside: why is “d” pence?

Thank you. I still don't understand exactly, but at least I know that 1/6d isn't one sixth of a dence - I mean pence


How many d in a guinea ??

[Mr. Dazzle]

Aside: why is “d” pence?

Presumably something Latin?

ISTR the pound sign is actually a highly stylised L too.

[Count Steer]

Aside: why is “d” pence?

Presumably something Latin?

ISTR the pound sign is actually a highly stylised L too.

lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though ).

[Saga Lout]

Aside: why is “d” pence?

Presumably something Latin?

ISTR the pound sign is actually a highly stylised L too.

I wouldn't call drawing a line or two across an L "highly stylised", but yes, it is.. Wikipedia

BTW The pound weight abbreviation (lb) is also from the same Latin.

[Cousin Jack]

Aside: why is “d” pence?

Presumably something Latin?

ISTR the pound sign is actually a highly stylised L too.

And a guinea is 21 shillings.

lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though ).

I think it is libra, sistertia and denarii. But I could be wrong too.

And a guinea is 21 shillings

[Noggin]

And a guinea is 21 shillings.

And a guinea is 21 shillings

Blimey - can't imagine why money was decimalised


I mean, if you grew up with that system, it kinda makes sense (like inches, feet, yards, furloughs and miles !!! ) - but it makes no sense to look at from a decimal point of view !!

I nearly gave my physio heart failure from laughing when I was explaining feet and inches - I didn't get to yards & furloughs, but you should have seen his reaction when I explained that we measured horses in hands

[Horse]

And a guinea is 21 shillings.

And a guinea is 21 shillings

Blimey - can't imagine why money was decimalised


I mean, if you grew up with that system, it kinda makes sense (like inches, feet, yards, furloughs and miles !!! ) - but it makes no sense to look at from a decimal point of view !!

I nearly gave my physio heart failure from laughing when I was explaining feet and inches - I didn't get to yards & furloughs, but you should have seen his reaction when I explained that we measured horses in hands

'Furlongs'

Then have a look for rod, pole, chain, perch, etc.

[Mr. Dazzle]

And a guinea is 21 shillings.

And a guinea is 21 shillings

Blimey - can't imagine why money was decimalised

TBF the old system does make more sense if your doing it all in your head, because things divide/multiply by 2, 6 and 12 much more readily than they do into 10.

Decimal makes far more sense for electronic money though. Ironically though the first thing computers do is convert it into base 2.

[Count Steer]

Presumably something Latin?

ISTR the pound sign is actually a highly stylised L too.

And a guinea is 21 shillings.

lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though ).

I think it is libra, sistertia and denarii. But I could be wrong too.

And a guinea is 21 shillings

I think you're right.

I was told that the idea of a guinea came into being as the extra shilling was the auctioneers cut particularly when selling hosses. That's why hoss races are sometimes the 1000 guineas etc. It's half true, but a guinea coin had existed for a long time before that.

Those were the days when auctioneers only took 5%!

[Rockburner]

And a guinea is 21 shillings

Blimey - can't imagine why money was decimalised

TBF the old system does make more sense if your doing it all in your head, because things divide/multiply by 2, 6 and 12 much more readily than they do into 10.

Decimal makes far more sense for electronic money though. Ironically though the first thing computers do is convert it into base 2.

I was looking into this the other day actually, doing decimals in binary is really hard.