The Liquidation Auction Bid Breakdown Calculator determines the highest bid you can place for an auction item without exceeding your total budget. It calculates detailed breakdowns of the buyer's premium, optional shipping costs, and taxes, helping you make informed bidding decisions.
Retail Price: $1,000 Maximum Amount You Are Willing to Pay: $600 Buyer's Premium: 10% Shipping Cost: $50 Tax Rate: 8%
Maximum Bid Amount = (600 - 50) ÷ (1 + 0.1 + 0.08) = 550 ÷ 1.18 = 466.10 Tax Amount = 466.10 * 0.08 = 37.29
Maximum Bid Amount: $466.10 Buyer's Premium Amount: $46.61 Shipping Cost: $50.00 Tax Amount: $37.29
This calculator is essential for buyers participating in liquidation or auction sales, ensuring all costs are considered before placing a bid.