price question

Guest · Post by **Guest** » 13.03.2007, 11:44

I've some goods in my warehouse and next to them there is a "price unit"
Is this the price that I must ask ???

because those prices are much higher then those in the market (goods have the same quality)

Thanks for the answers

Guest · Post by **Guest** » 13.03.2007, 11:56

that is how much the goods cost you to buy or make

Guest · Post by **Guest** » 13.03.2007, 12:16

Though there is a bug which sometimes shoes a wrong price.

Guest · Post by **Guest** » 13.03.2007, 20:53

It shows 10,46 for 1 unit oranges ...????
11,18 cotton

Guest · Post by **Guest** » 13.03.2007, 23:03

when using the starting resources as those are valued at 0 it messes up the numbers sometimes too

Guest · Post by **Guest** » 14.03.2007, 09:04

Related question:

Does Kapilands use a FIFO or LIFO method when I use my resources? Would explain some prices Im not sure I understand.

Guest · Post by **Guest** » 14.03.2007, 16:46

it uses weighted-average

Guest · Post by **Guest** » 15.03.2007, 06:54

For the ORIGINAL Q. the price stated is the average cost price of your item. It will varies depending on your buying price (from market) or from your own production or mixture of both. It is NOT your asking price, your asking price for the market is very much dependent on your strategy when you sell it (of coz it has to be more then your cost) if you are putting them in ur selling shops then probably depends on your turnaround time for maximum profit (also do ensure you can refill those stock quick enough).

The second part of your Q. well that can happen due to 2 reason (that i can think of atm).

1. Someone dump their price in the market (very low profit or even at a lost - cheater or perhaps the ppl nvr actually calculate their cost)
2. The average cost price stated in the warehouse is not accurate.

The cost price (which there is some prior discussion already - both here and bug session) varies a bit.

It average out the price of the item (let say of your own production with those that you buy in the market). I notice that the average cost price is getting better (arguable).

My suggestion would be, do your own calculation on your cost price. It isnt that hard esp. with tools like the excel sheet ard. then only you yourself determine what you want to sell your item at.

Hope this helps.

Guest · Post by **Guest** » 15.03.2007, 17:51

Im gonna answer my own question.

Kapilands doesn't use either a FIFO or LIFO method do calculate the average cost. The average cost is stated as the average of ALL the products that have been bought or produced since the first one. If I buy an item for 1000 and one for 2000 the price will be 1500. When I sell or use one the average of 1 will still be 1500. If I buy another one for 4500 the new average will be the (1500+4500)/2 = 3000. And so on...

This will only be resetted when Im all out of the product. This means that these numbers can show really strange figures just because you had a few freebies left from the beginning of the game or that you bought something sometime in the past.