RE: Lockdown backlsh2 Jan 2022 16:22
BigBlue, anyone in there right mind calculates a profit on the principal value so 142 vs. 300 is 111%? If I went to a meeting at working and said the uplift is 211% I would get laughed out the room? This is a silly conversation, you do add a lot here but what you’re saying is ridiculous! All the best!
If I add 111% of profit to my stake of 142 I get 300.
If I want to know how I got there I calculate the rise, which is 211%. VP said there would have to be a rise of 111%. That only gets me to 157.
There is no mystery to it. He was expressing a profit, and used the wrong description. If he had said a profit of 111% was required, he would have been correct. But he didn't say that. I'm not answerable for his being inarticulate.