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How can a product have > 100% margin? Were you getting paid by the supplier to stock their products?
How can a product have > 100% margin? Were you getting paid by the supplier to stock their products?
Uhm, you buy an item for $1, sell it for $3, the margin is 200%, no?
Ugh, of course. I had a total blank on basic maths for a moment.
As typically defined: The margin is 67%. The markup is 200%.
Margin is "profit as percent of revenue". Markup is "profit as percent of COGS".
You are right, I should have used markup, not margin. Apologies.