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It's a 50% profit margin because the profit ($5) is 50% of the selling price. It's a 100% markup because the selling price is 100% more than the cost. Some pe
by antonvs 2mo ago
It's a 50% profit margin because the profit ($5) is 50% of the selling price.
It's a 100% markup because the selling price is 100% more than the cost.
Some people might call it a 50% markup, but that's purely a deceptive tactic, or just ignorance.
- BenjiWiebe 2mo agoIt's the industry-standard (for grocery stores at least) term; doesn't mean it isn't wrong, but it's the way they use it. Could be deceptive, could be ignorance, but it's multiple unrelated grocery store owners, talking to me as a seller.