[blxcklist]

hey guys.
been trying to trade some of my agcs to btc and ran into a guy who exchanges at 75% rate.
now we've been discussing about the calculation of that, which is really not that hard.
i wanted $30 in btc, how much would that be in agc? $37.5 right?
30*1.25=37.5, is it wrong?
the calculation that he did is 30/0.75=40.
that's not really 75% right?
whos right? would like your opinions on it.

[xPower]

$40*.75 is $30 which is the correct rate. So in this case you're wrong.

[blxcklist]

$40*.75 is $30 which is the correct rate. So in this case you're wrong.

how is this correct? if we do it that way then it is not the right percentage is it?

[Parks]

When people buy AGC they are paying 75% of the value of the cards.

When people sell Bitcoin though they are charging a percentage/fee. That's when your math is correct, if I'm selling $70 Bitcoin for Zelle for a 8% fee it would be 70 x 1.08 = $75.6

[Maskin]

how is this correct? if we do it that way then it is not the right percentage is it?

He is exchanging his BTC for agc at a 75% rate. That means you give him x amount and he gives you 75% of that.
So if you want $30 BTC you need to give him whatever amount equals to 30 after you take 75% off (which is 40).

[xPower]

He is exchanging his BTC for agc at a 75% rate. That means you give him x amount and he gives you 75% of that.
So if you want $30 BTC you need to give him whatever amount equals to 30 after you take 75% off (which is 40).

Exactly this. That 75% rate is 75% of the AGC you send.