BecomeMe

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Social Experiment. Become Me. What I see, you see.

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submitted 1 year ago by Renneder@sh.itjust.works to c/becomeme@sh.itjust.works

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[–] aurele@sh.itjust.works 7 points 1 year ago (2 children)

If you sell for $10 something that costs $1 to make, is that a 90% profit or a 900% one?

[–] SailorMoss@sh.itjust.works 5 points 1 year ago (1 children)

Profit = revenue - cost

So if you put in $1 and got back $2 that’s 100% profit. 1000% profit would mean you put in $1 and got back $11.

[–] baked_tea@sh.itjust.works 1 points 1 year ago (1 children)

Wait why 11?

[–] SailorMoss@sh.itjust.works 2 points 1 year ago* (last edited 1 year ago)

$1(Cost) - $11(Revenue) = $10(Profit)

$1(Cost) / $10(Profit) = 10 or 1000%

It’s $11 because you have to cover cost and then make 10x on top of that.

[–] jgkawell@lemmy.world 3 points 1 year ago (1 children)

It would he 900%. The equation is: profit percentage = (profit / cost) * 100%

[–] misterfenskers@sh.itjust.works 3 points 1 year ago

Let's argue about how the estimated number that's probably rounded up is wrong and not the fact that this price gouging should be illegal.

[–] You999@sh.itjust.works 1 points 1 year ago

Is that after the R&D expenses?