Quote from: drewh on September 04, 2013, 08:38:40 AM

Quote from: ik2013 on September 04, 2013, 08:21:50 AM

10% of .078 = 0.0078 <-- SB's markup
0.078 + 0.0078 = 0.0858 <-- cost per chip from SB rounded up to .086

95% of 0.086 = 0.0817 <-- refund from SB as stated in the email and on forums

100% - 95% = 5% <-- markup lost in the course of doing business. seriously. this happens. check the thread for evidence of work being done.

and 10% + 5% = 15% total markup.

Im not saying its profit. Im not making any value judgements - Ive read the whole thread, I know work is being done. I think SB is being generous. Im just saying its a total overhead of 15%, 5% of which is not incurred if you dont cancel your order.

We do agree that he is not refunding half of the original 10% as some have suggested, right?

No, we don't agree. ik2013's approach is correct.

The original price of the chips from Bitsyncom is 0.078, if you refund you get back 0.0817 so clearly steamboat is paying back some of his 10% markup. To be precise, around 47.4% of his markup, or as close as makes no difference to "half of the original 10%".