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Fees, Commissions, and Net Profits

Anyone out there that can check my understanding of all the fees and commissions for sellers? 

 

1. Seller sells S$1000 of items

  • Transaction Fees to LL (15%) = S$150
  • Balance to seller (85%) = S$850

2. Sell remaining S$850 balance on Sandex assuming S$100 = US$1.00 exchange rate

  • Commission to LL (10%) = US$0.85
  • Balance to seller (90%) = US$7.65

3. Transfer balance to seller's bank

  • Processing fee to LL (1.5%, US$3.00 min, US$15.00 max) = US$3.00
  • Balance to seller in bank = US$4.65

4. Federal & State Taxes

  • Well too much :)

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