Rest in Peace, Mr. Ritchie
On Tue, 18 Oct 2011 11:25:01 -0500, Leon wrote:
90%.. Sorry!!! Misread everything. I was thinking mark up percentage.
As long as there is a cost involved a GP margin above 99.9% is all but
impossible.
If I buy an item for $1 and sell it for $2, that's a 100% *markup*. If I
sell it for $10 that's a 1000% markup, and if I sell it for $100 that's a
10,000% markup.
Even if my overhead is fifty cents, I'm still doing quite well at a
$10.00 price.
This may not be a profit percentage, but it's what most folks would
consider a profit.
--
Intelligence is an experiment that failed - G. B. Shaw
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