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1 million for 500k and sold for 10m is a 9.5 million dollar profit 1 million for 490k and sold for 10 million is a 9.5 million profit. 10k is a rounding error
by midasuni 4y ago
1 million for 500k and sold for 10m is a 9.5 million dollar profit
1 million for 490k and sold for 10 million is a 9.5 million profit.
10k is a rounding error.
- andrewstuart2 4y agoThat extra $200k you made by saving a cent literally bought you your next $4M profit if you reinvest it. Not a rounding error in any way when you're reinvesting at such a massive margin.