17 comments
If you sell for $10 something that costs $1 to make, is that a 90% profit or a 900% one?
7 0 ReplyProfit = revenue - cost
So if you put in $1 and got back $2 that’s 100% profit. 1000% profit would mean you put in $1 and got back $11.
5 0 ReplyWait why 11?
1 0 Reply
It would he 900%. The equation is: profit percentage = (profit / cost) * 100%
3 0 ReplyLet's argue about how the estimated number that's probably rounded up is wrong and not the fact that this price gouging should be illegal.
3 0 Reply
Is that after the R&D expenses?
2 1 Reply
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