SamPond@lemmy.blahaj.zone to > Greentext@lemmy.mlEnglish · 11 months agoWe don't call 911cdn.imgchest.comimagemessage-square38fedilinkarrow-up1672arrow-down122
arrow-up1650arrow-down1imageWe don't call 911cdn.imgchest.comSamPond@lemmy.blahaj.zone to > Greentext@lemmy.mlEnglish · 11 months agomessage-square38fedilink
minus-squaregeneral_kitten@sopuli.xyzlinkfedilinkarrow-up4·edit-211 months agofrom my understanding profit margin is calculated by (sales-costs)/revenue making it impossible for it to be more than 100% the markup/profit percentage would be calculated as (selling price/costs)-1 so that would be 700% this is at least how i understood the wikipedia pages
minus-squarequicksand@lemmy.worldlinkfedilinkarrow-up1·11 months agoYa you’re right, I misunderstood the comment I replied to and I also didn’t try to check the math, but it seemed in the ballpark. I don’t know why people upvoted me lmao
from my understanding profit margin is calculated by (sales-costs)/revenue making it impossible for it to be more than 100%
the markup/profit percentage would be calculated as (selling price/costs)-1 so that would be 700%
this is at least how i understood the wikipedia pages
Ya you’re right, I misunderstood the comment I replied to and I also didn’t try to check the math, but it seemed in the ballpark. I don’t know why people upvoted me lmao