this post was submitted on 21 Dec 2024
494 points (96.8% liked)

A Boring Dystopia

9887 readers
1502 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--If a picture is just a screenshot of an article, link the article

--If a video's content isn't clear from title, write a short summary so people know what it's about.

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 day ago (1 children)

First up, I want to say that your point is clear, even without this correction, but...

That's not how percentages work. To make things neat, let's assume they're now selling things at cost (they're not, they'll still be making a profit).

A 75% reduction in price like this means that they were previously making 300% profit.

[–] [email protected] 4 points 1 day ago (1 children)

He is talking about margin, not markup. 75% margin = 300% markup

[–] [email protected] 3 points 1 day ago* (last edited 1 day ago)

facepalm

Yep, you're completely right. I'll wind my neck back in now...