Results 1 to 3 of 3
    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • United States

    • Join Date: May 2006
    • Posts: 48
    #1

    Smile whats 70 cents on the dollar mean?

    Hi can anyone tell me what it means? does it mean 70 cents?
    thanks!

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Oct 2008
    • Posts: 907
    #2

    Re: whats 70 cents on the dollar mean?

    Quote Originally Posted by DavidTan View Post
    Hi can anyone tell me what it means? does it mean 70 cents?
    thanks!
    Dear David:

    If I buy $100 worth of something and later sell it for only $70, I have sold it for 70 cents on the dollar.
    70 cents on the dollar represents a loss or a savings, depending on which side of the transaction you stand.

    I hope this is helpful,

    Petra

  1. Raymott's Avatar
    • Member Info
      • Native Language:
      • English
      • Home Country:
      • Australia
      • Current Location:
      • Australia

    • Join Date: Jun 2008
    • Posts: 24,109
    #3

    Re: whats 70 cents on the dollar mean?

    Also, "70c in the dollar" in AusE usage.

Similar Threads

  1. [General] Market.. Assets.. and Bankruptcy concept!!!!
    By rmsh16 in forum General Language Discussions
    Replies: 3
    Last Post: 03-Nov-2008, 09:26
  2. [General] currencies other than the dollar
    By thedaffodils in forum Ask a Teacher
    Replies: 3
    Last Post: 16-Jul-2008, 14:51
  3. two cents
    By codenamecharlie in forum Ask a Teacher
    Replies: 2
    Last Post: 14-Jul-2008, 13:22
  4. 20 cents on the dollar
    By Tuca in forum Ask a Teacher
    Replies: 1
    Last Post: 24-Jun-2008, 18:43
  5. three dollar bill
    By Tombraiders in forum Ask a Teacher
    Replies: 7
    Last Post: 17-Jun-2008, 17:52

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •