talk about a profit.....
#CustomUserTitle
Joined: Mar 2002
Posts: 63,855
Likes: 1
From: glass case of emotion
are you talking product discounts? yes, 100% off is free. I'm not sure where you're going at this.
every iPhone is equal to 100%.
$600 is 100% (MSRP)
$250 is 41.67% (Cost Of Goods Sold)
$350 is 58.33% (Profit)
you don't compare the profit against the MSRP that's where your calculation is off.
compare the profit against the cost of goods sold.
#CustomUserTitle
Joined: Mar 2002
Posts: 63,855
Likes: 1
From: glass case of emotion
Senior Member
Joined: Jun 2004
Posts: 30,331
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From: Montréal, Canada
the dude is right....
Profit ($250) = price of sell($500) - cost($250)
Profit is usually on revenue so
(Profit)250/500(revenu) * 100 = 50% profit margin
In order to get 100% profit, the product you are selling must have NO cost associated to it.
Profit ($250) = price of sell($500) - cost($250)
Profit is usually on revenue so
(Profit)250/500(revenu) * 100 = 50% profit margin
In order to get 100% profit, the product you are selling must have NO cost associated to it.
x pǝɹ
Joined: Feb 2003
Posts: 6,246
Likes: 1
From: Upstate
no theres a difference between profit and profit margin.
x pǝɹ
Joined: Feb 2003
Posts: 6,246
Likes: 1
From: Upstate
profit
The positive gain from an investment or business operation after subtracting for all expenses.
------
Gross Profit
Sales revenue minus sales costs.
2 different things. If you say "profit" you aren't taking MSRP (as e3nine said).
The positive gain from an investment or business operation after subtracting for all expenses.
------
Gross Profit
Sales revenue minus sales costs.
2 different things. If you say "profit" you aren't taking MSRP (as e3nine said).
#CustomUserTitle
Joined: Mar 2002
Posts: 63,855
Likes: 1
From: glass case of emotion
I give up ... this isn't rocket science, it's basic accounting.