u/so-whyareyouhere

Cannot recommend this shop, or Dylan, enough. His instagram is @hokum_peddler. Most thorough and kind tattooers I have ever met. Cannot wait to go back

Margin is 45% in the question. My thought was that you then have 55% in equity, 45% on margin (borrowed).

The loan amount is 55% in the answer? Why is it flipped? The chapter does not have an example similar to this, only with the leverage ratio.