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Profit margin increasing by a percentage point on a low margin business is potentially significant
by jncfhnb 1y ago
Profit margin increasing by a percentage point on a low margin business is potentially significant
- gruez 1y agoIt's certainly meaningful for the company involved, but a 1% increase in grocer margins means a $100 grocery bill becomes $101. It's at best an incomplete explanation for the ~20% price increase on grocery prices between 2021 and 2023.