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August 17, 2017 10:31
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Calculating hammer price to limit on auction with variable commission rates
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BEFORE = 0.25 # Percent commission before the limit | |
LIMIT = 50000 # The commission boundary | |
AFTER = 0.20 # Percent after the boundary | |
# The only number to change is this one! No spaces, dots or commas...! | |
total_price_including_commssion = 10000000 | |
# Warning - Do not use for bids over a £1,000,000 Hammer | |
def finds_the_total_price_including_commission(hammer) | |
if hammer < LIMIT | |
commission = BEFORE * hammer | |
else | |
commission = BEFORE * LIMIT | |
passed_limit = hammer - LIMIT | |
commission = commission + (AFTER * passed_limit) | |
end | |
return hammer + commission | |
end | |
def finds_the_hammer_price(total_price_including_commssion) | |
total_price_including_commssion.to_i.times do |count| | |
total = finds_the_total_price_including_commission(count) | |
if (total > (total_price_including_commssion - 1.0)) && (total < (total_price_including_commssion + 1.0)) | |
return count | |
end | |
end | |
end | |
hammer_price = finds_the_hammer_price(total_price_including_commssion) | |
total_price = finds_the_total_price_including_commission(hammer_price) | |
puts "Hammer Price:\t\t#{hammer_price}" | |
puts "Commission:\t\t#{total_price - hammer_price}" | |
puts "Total Price:\t\t#{total_price}" |
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