• quicksand@lemmy.world
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    1 year ago

    I like how you went into a detailed analysis of the cost and then whiffed on a decimal at the end. I’m pretty sure it should be 875%, which really shows how egregious this is. Thanks for your effort making this estimate, it’s appreciated.

    • general_kitten@sopuli.xyz
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      1 year ago

      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

      • quicksand@lemmy.world
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        1 year ago

        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