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#10
06-06-2007, 03:58 PM
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Mastro & Other auctions..why the 10% bid increments??
Posted By: boxingcardman
instead of the compounded percentages. With the vig included, each raise in Mastro is a compounded 12% increase over the last one. As a plaintiff's lawyer, I can't do anything except divide by 1/3 
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. It is a lot easier for those of us who are mathematically challenged liberal arts majors to add $5 or $50 to the bid than to try and do all that friggin algebra.
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