value for money

Discuss anything Morris Minor related.
Forum rules
By using this site, you agree to our rules. Please see: Terms of Use
Post Reply
kennatt
Minor Legend
Posts: 2625
Joined: Fri Feb 02, 2007 9:11 pm
MMOC Member: No

value for money

Post by kennatt »

Just been reading an article in an old practical motorist mag. circa july 1961,about how to look after a morris minor convertable,and thought there looks to be loads of adverts on full pages,so counted them up,then did the same on a new practical classic mag... 1961 119 pages 78full page adverts. 2008 170 pages 76 pages of adverts.So actual articles were 41 pages in 1961 94 pages in 2008. More than double ,price in 1961 one shilling and six pence... seven and a half pence ,price 2008 £3.99p So which was the better value.mmmm.
luridhue
Minor Fan
Posts: 121
Joined: Tue Nov 04, 2008 11:15 am
Location: Portsmouth
MMOC Member: No

Post by luridhue »

The value of one shilling and 6 in 2008 is as follows:
£1.20 using the retail price index
£1.22 using the GDP deflator
£2.71 using the average earnings
£3.27 using the per capita GDP
£3.78 using the share of GDP

You're currently getting 229% of what you used to get. So price for the magazine (when taking account of page increase) works out as:

£2.74 using the retail price index
£2.79 using the GDP deflator
£6.20 using the average earnings
£7.48 using the per capita GDP
£8.65 using the share of GDP

So relative to price increases it is less value but we're all earning more now and as a percentage of your earnings it is much cheaper. Make up your own minds

Also, got to consider the amount of information on each page, does it contain the same amount? How many letters? How large is the font? How many pictures? Has writing style changed and is the efficiency of the language as good, or as bad, as it used to be?
[sig]8974[/sig]It's not broken... it's British!
les
Minor Maniac
Posts: 9179
Joined: Tue Feb 12, 2002 12:00 am
Location: kent
MMOC Member: Yes

Post by les »

You're currently getting 229% of what you used to get.
Check your figures, I make it 226%.
luridhue
Minor Fan
Posts: 121
Joined: Tue Nov 04, 2008 11:15 am
Location: Portsmouth
MMOC Member: No

Post by luridhue »

les wrote:
You're currently getting 229% of what you used to get.
Check your figures, I make it 226%.
How do you get to 226%?

I'm getting 229.26829268292682926829268292683%

41 pages to 94
[sig]8974[/sig]It's not broken... it's British!
ASL642
Minor Maniac
Posts: 5200
Joined: Sat Oct 20, 2007 3:14 pm
Location: Warwickshire
MMOC Member: No

Post by ASL642 »

:o Too early in the day for that kind of thing. :wink:

Lou Rocke
MMOC 43512
mike.perry
Series MM Registrar
Posts: 10183
Joined: Sun Jul 24, 2005 11:39 pm
Location: Reading
MMOC Member: No

Post by mike.perry »

That will teach you to ask silly questions :o
luridhue
Minor Fan
Posts: 121
Joined: Tue Nov 04, 2008 11:15 am
Location: Portsmouth
MMOC Member: No

Post by luridhue »

:P :lol:
[sig]8974[/sig]It's not broken... it's British!
kennatt
Minor Legend
Posts: 2625
Joined: Fri Feb 02, 2007 9:11 pm
MMOC Member: No

Post by kennatt »

do you want to come and do my tax return :D :D
Post Reply