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$10,000 profit and $40,000 expenses is not a 20% profit margin, it's a 25% profit margin. Is it just me or has there been a recent uptick in miscalculations li
by jbpetersen 10y ago
$10,000 profit and $40,000 expenses is not a 20% profit margin, it's a 25% profit margin.
Is it just me or has there been a recent uptick in miscalculations like this on the part of professional journalists?
- jeffem 10y agoYou sure about that? https://en.wikipedia.org/wiki/Profit_margin https://en.wikipedia.org/wiki/Profit_margin
- jbpetersen 10y agoApparently I've been mistaking profit percentage for profit margin all along. Thanks for setting me straight.