Profit From MAC CLASSIC
Profit From MAC CLASSIC
Question: What is the profit generated from?
Answer: The profit is the net difference between actual sale and buy price.
For example: You bought MAC CLASSIC share for 1,000 euro at the price of 1,500 euro per unit. After a while, MAC CLASSIC has increased by 20% up to 1,800 euro per unit. Accordingly, your MAC CLASSIC share purchased for 1000 euro, has also increased in value by 20% and now you can sell it for 1200 euro. Your net profit is calculated as follows: 1200 euro (sale price) minus 1000 euro (purchase price) equals to 200 euro.
Question: Where can I view profit from my MAC CLASSIC?
Answer: The profit from your MAC CLASSIC is displayed in the “PROFIT” widget. Go to “KENT P2P” in the main menu, and click “MORE INFORMATION ABOUT MAC” button under MAC CLASSIC widget.
Direct link: https://p2p.kent.club/en/classic
The profit is indicated in KentCash club internal currency. One KentCash equals to one euro.
Question: How can I check if the profit displayed correctly?
Answer: To do this, you will have to do some calculations. The profit calculation formula looks as follows:
BALANCE + SOLD + ON SALE - BOUGHT = PROFIT.
It looks complicated, but only at first glance. Sum up the following elements:
1. MAC CLASSIC on your balance (“BALANCE” widget).
2. MAC CLASSIC sold by this moment (“SOLD” widget).
3. MAC CLASSIC offered for sale (add up the cost of all active lots offered for sale).
Then subtract from the resulting number the total amount you spent on MAC CLASSIC purchasing (“BOUGHT” widget).
Thus, you will get your net profit at the moment.
Question: Does my net profit depend on the amount of my MAC CLASSIC?
Answer: Yes, it does. The bigger your MAC CLASSIC balance, the bigger the profit is. For example, you bought a share of MAC CLASSIC for 100 euro. Since then, MAC CLASSIC price has grown by 5%. Your net profit will be 5% of 100 euro, that is 5 euro. But if you bought a share of MAC CLASSIC for 1000 euro, and its price increases by 5%, your net profit will be 5% of 1000 euro, that is 50 euro.
Question: Is it possible to withdraw profit, and leave the body of MAC CLASSIC?
Answer: No. Your profit is in MAC CLASSIC itself. You purchased it at one price, and now it costs more. Accordingly, to withdraw the profit, you will need to sell either a part or the entire asset you have on your balance.