654
We don't call 911 (cdn.imgchest.com)
submitted 3 years ago by to c/greentext@lemmy.ml
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[–] 7 points 3 years ago (1 child)

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.

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  • [–] 4 points 3 years ago* (1 child)

    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

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