• 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