Thursday, May 7, 2009
Can you get extra cash by buying CheeBeez?
The answer is... Yes! But it depends on total auction sales. Let's consider some different cases...
Let's say one series of CheeBeez were sold as following...
CheeBeez 1 = $5
CheeBeez 2 = $6
CheeBeez 3 = $7
CheeBeez 4 = $8
CheeBeez 5 = $9
In this case, let's say there are no multiple bidders, meaning all highest bidders are different people. The cash back claimer would get 50% of total sale, so let's calculate...
5 + 6 + 7 + 8 + 9 = $35
$35 x 0.5 = $17.50
In this case, the highest bidder who paid the most ( in this case, $9 ) will get $17.50 as cash back.
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But you need to know that being the highest bidder doesn't mean that you will get extra cash. Please take a look below...
CheeBeez 1 = $5
CheeBeez 2 = $6
CheeBeez 3 = $7
CheeBeez 4 = $8
CheeBeez 5 = $50
If there are no multiple bidders, the claimer will be the person who bid CheeBeez 5, who paied $50.
5 + 6 + 7 + 8 + 50 = $76
$76 x 0.5 = $38
In this case, the highest bidder pays $50 and get $38 cash back. It is not extra cash but he/she pays only $12 for one CheeBeez.
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Let's say there are multiple bidders, meaning one person has won more than one CheeBeez.
CheeBeez 1 = $5 ( person 1 )
CheeBeez 2 = $6 ( person 1 )
CheeBeez 3 = $7 ( person 2 )
CheeBeez 4 = $8 ( person 3 )
CheeBeez 5 = $9 ( person 4 )
In this case, person 1 would be the claimer, because he/she payed $5 + $6 = $11 total.
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Let's say that there are multiple highest player...
CheeBeez 1 = $5
CheeBeez 2 = $6
CheeBeez 3 = $7
CheeBeez 4 = $8
CheeBeez 5 = $8
If there is no multiple bidders, the claimer will be 2 people who bid on CheeBeez 4 and who bid on CheeBeez 5.
5 + 6 + 7 + 8 + 8 = $34
$34 x 0.5 = $17
You need to split this total amount in half...
$17 / 2 people = $8.50 for each person
So, the 2 highest bidders pays $8 and get $8.50 as cash back.
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