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DimesForShares

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DimesForShares

Re: igotthemojo post# 175016

Monday, 10/14/2019 7:42:49 PM

Monday, October 14, 2019 7:42:49 PM

Post# of 275872
Oops. Another math problem?

We were quoting prices in kilos for silk, which is the standard for commerce. $100/pound is quite different than $100/kilo. $100/pound equates to a price of $220/kilo, quite a different price.

If we sell silk at $220/kilo and sell 100 metric tons (1,000 kilos), then we have revenue of $22 million. But if we sell silk at $100/kilo, that equates to $10 million.

Which price were you intending when you said $100. Pounds or kilos?
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