this post was submitted on 07 Aug 2023
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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.
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
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