Table 7.1 Marx’s transformation3
| _______________________________________________________________________________________________________________________ |
| Capitals (M=c+v) |
Used up constant capital (c’) |
Cost price (k=c’+v) |
Rate of surplus value (s/v) |
Surplus value (s) |
Value of the product (M’=k+s) |
‘Value’ rate of profit (r=s/M) |
Profit (π =MR)b |
Price of production (p=k+π) |
‘Price’ rate of profit (r’=π/M) |
| _______________________________________________________________________________________________________________________ |
| I. 80c+20v |
50 |
70 |
100% |
20 |
90 |
20% |
22 |
92 |
22% |
| II. 70c +30v |
51 |
81 |
100% |
30 |
111 |
30% |
22 |
103 |
22% |
| III. 60c+40v |
51 |
91 |
100% |
40 |
131 |
40% |
22 |
113 |
22% |
| IV. 85c+15v |
40 |
55 |
100% |
15 |
70 |
15% |
22 |
77 |
22% |
| V. 95c+5v |
10 |
15 |
100% |
5 |
20 |
5% |
22 |
37 |
22% |
| 390c+110v |
202 |
312 |
100% |
110 |
422 |
22% |
110 |
422 |
22% |
| _______________________________________________________________________________________________________________________ |
aThe last row indicates totals or averages, where appropriate.
bR is the average ‘value’ rate of profit.
Source: Capital 3, pp. 255–256.